NSW Government releases property tax ‘progress paper’

The State Government’s property tax proposal would provide a choice for taxpayers to pay an annual property tax rather than stamp duty and land tax.

The New South Wales (NSW) Treasury released a “Progress Paper” on Friday 11 June summarising the status of the State Government’s proposals for reform of the NSW property taxes regime. Key points Feedback closes 30 July 2021 and then the NSW Government will refine the proposal further. Key focus of the policy proposal remains: boosting of home ownership in NSW – the government’s expectation is that home ownership will increase and that the reform will lower average home prices in the lo...

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Authors: Scott Farrell, Jenny Lee

Published Date: 11 June 2021