’Monster’ stamp duty tax should be slain
Implementing the Productivity Commission’s recommendation to scrap stamp duty would increase housing affordability and boost transactions, cutting the average holding time of a house from 13 to eight years, according to the property industry.
The chief executive of one of the largest developers in Australia, Mirvac’s Susan Lloyd-Hurwitz, welcomed the Commission’s recommendation to replace stamp duty with a broader-based land tax.
Read the full article on the Australian Financial Review.
