Just got this from the latest Taxpayers Australia Newsletter:
Mortgage duty (payable on entering into a mortgage over property in Queensland). To be abolished as to 50% on 1 January 2008, and in total 1 January 2009.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
SA has also make some changes effective 1 July – http://www.revenuesa.sa.gov.au/circulars/c255.html
However, Bob Carr decides to buck the trend and introduce stamp duty for refinances for loans > $1m. The States had to eliminate stamp duty because of the new GST revenue. NSW seems to be the only one dragging the chain!
Cheers
Stu
That makes it hard for us NSWers! we have this stamp duty and the Vendor Tax. No wonder not many people are investing in NSW.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Terry
Oh no with that news we are about to get invaded again with an influx of Southern migrants.
I can see them queuing now at Cooloogatta to lodge their visa applications.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
I think some serious stamp duty changes will occur very quickly when the Libs take the Senate. Howard hates it!!!
TMA
http://www.email4money.info
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