AT the risk of drawing the IRE from Property Portfolio Investors …
WHY not have those with property portfolios meet the expense of STAMP DUTY instead … ?
AFTERALL they have avenues to back them … as acknowledged by the Chair of retailer Paddy Pallin:
“It’s totally unfair that just because someone’s well off they can afford a good accountant and a good lawyer and adjust things and not pay their fair share of tax,” he said.
“There are so many ways: you invest in certain shares, for instance, you get franking credits. There’s capital gains, a whole lot of things.”
THUS the system is rigged denying a whole Cohort especially those aged under 40 from owning a home
And how many who have scraped together a deposit and gained a loan approval find they are again locked out not only with escalating house prices but STAMP DUTY! FFS!
NSW INC having made $9 BILLION in the past year from Stamp Duty …. FFS!
A good government would remove this Tax for the Family Home … or at least give it a shave?
LAND TAX is also insidious – a Tax for Life … in perpetuity… on top of Council Rates
Will the new Treasurer be able to make headway?
When unfortunately he has to deal with some Members who have not experienced the struggles of a large share of Australian workers … nor do they appear to be able to empathize … it would seem they are inept …
Perhaps blinded by the pedlars of ‘supply’ side solutions to home affordability?
Read more!
NSW Treasurer walks back from Perrottet’s push to overhaul stamp duty
COMMUNITY ACTION ALLIANCE FOR NSW (CAAN): HOUSING INEQUALITY WITH AUSSIES LOCKED OUT! 