Replace stamp duty with land tax, business tells Victoria

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Dumping Victoria’s escalating stamp duty tax and swapping it for a broad-based land tax to increase labour mobility is a priority for business in the lead-up to November’s state election.

to dump stamp duty. Instead, he has offered first home buyers the option of paying an annual land tax on property worth up to $1.5 million.but has since seemed lukewarm about the proposal.

Paul Guerra: “We’ve got to be at least as competitive as NSW and, where we can, let’s be more competitive.”“We think given the co-operating that occurred around the national cabinet it is time to put all the taxes on the table – payroll tax, stamp duty, income tax, it might be good to go a step further and include GST – to actually get national unity, so that any inconsistencies that exist between the states can be removed.

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