Opinion
During a huge property price boom fuelled by low interest rates and constrained land release, the ACT government has become addicted to collecting stamp duty to fund its ever-increasing spending.
Amid the furore over Queensland’s double taxation of interstate investment property owners, a property tax debacle is unfolding in Canberra.
A decade ago, the ACT Labor government pledged to phase out stamp duty and gradually phase in a broad-based land tax on property owners over 20 years.
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Original URL: https://www.afr.com/policy/economy/the-property-tax-debacle-unfolding-in-canberra-20220913-p5bhqy
