SA considering stamp duty reform

August 2nd, 2012

FAKE NEWS for the Zionist agenda

South Australia’s stamp duty on houses could be phased out and replaced by a land tax, Treasurer Jack Snelling says.

Mr Snelling says stamp duty on houses is one of the most inefficient taxes in South Australia and could be replaced by a model proposed in the Australian Capital Territory.

He says the ACT is phasing out stamp duty over 20 years and replacing it with a broader-based land tax, particularly on residential properties.

SA could potentially follow suit, Mr Snelling told ABC Radio in Adelaide.

“Stamp duty is a very volatile tax driven by turnover in the property market. Having a predictable stream of revenue would be good,” he said.

Mr Snelling said it would be unfair to tax people who have recently paid stamp duty twice and the government would have to look at ways to avoid that problem.