Housing Report Reproaches Stamp Duty And Tax Regulations
A top Housing Policy Report has reproached Stamp Duty and present taxation standards followed by the government, informs an article on the online magazine Your Investment Property. The Report contests that Land Tax and Council Rates are necessary evils and also fair to a certain extent but Stamp Duty is well above acceptable standards and not allowing common public to gentrify.
The Housing Report further asserts that all the rules of taxation are heavily inclined towards property investment at the moment and is further widening the gulf between rich investors and cash-strapped first home buyers.
While the government merrily provides $40 billion in tax concessions to next-home buyers, owner-occupiers and investors, it continues to make life difficult for first home buyers.
You can read the original article here.