Stamp duty
Stamp duty is a tax on a property transaction that is charged by each state and territory the amounts can and do vary. There were different thresholds for residential properties from 8 July 2020 to 30 September 2021. Facts About Stamp Duty Realestatedeveloper Bestrealestatedeveloper Trustedrealestatedeveloper Realestatedevelop Facts Real Estate Development Stamp Duty When you buy a property or a land in Australia you have to pay a stamp duty on your purchase. . Stamp duty is a bad tax because it stops people moving home by creating a major hurdle and psychological pain point and thus inhibits economic movement and helps gum up. Stamp Duty is a highly destructive tax harming economic growth by impacting decisions like downsizing or moving for a new job. Stamp duty is paid by buyers of land or property in England and Northern Ireland with higher rates above certain thresholds. Liz Truss will announce radical plans to cut sta...