The states got rid of stamp duty on share transfers to stop state to state forum shopping. As we can't move our real estate across state borders the states still apply heavy Land Tax. Land Tax is the most unfair of all taxes (yes, even more unfair than payroll tax).
Mr & Mrs White purchased a property. They rented it out. The tenants left. Mr & Mrs White renovated the property so that they could live in it. They excitedly moved into the property as soon as it was renovated. It has been their home ever since. Before they moved into their new home they had been living in their old Coogee home.
Stamp duty and land taxes are discusting ways of getting money out of people. You got an old shit house, no much money but you wana buy a better place because you now have kids and than you get hit with these taxes and stamp duties just to get you even deeper in to debt.
It's quiet sickening.
odakueffect 3 years ago