Perrottet’s grand stamp duty plan ends with a whimper
Lack of federal support explains why the policy included in the NSW budget falls a long way short of the more ambitious proposal flagged by the premier.
After he talked up the prospects for stamp duty reform over the past two years, NSW Premier Dominic Perrottet’s grand plans ended less with a bang and more with a whimper.
NSW will offer first home buyers the option of paying an annual land tax rather than stamp duty if they buy a property worth up to $1.5 million.
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Brendan Coates is the economic policy program director at the Grattan Institute.
