Andrew Barr is busily trying to draw our attention to his stamp duty cuts for all but the very wealthy.
More than 97 per cent of properties sold in the ACT are set to be subject to a lower rate of stamp duty under the ACT Labor Government’s taxation reforms, new figures show.
Figures issued to the Legislative Assembly’s Estimates Committee show that 97 per cent of properties sold in the ACT in the 2011-12 financial year to date (comprising both commercial and residential properties) were valued at under $1 million.
As a result of the Government’s cut to stamp duty, all properties valued under $1.2 million will be subject to a lower rate of stamp duty.
Meanwhile yesterday Zed Seselja was getting excited over rates increases and a perceived lack of transparency on future rates.