STAMP OUT DUTY
THE Urban Development Insti- tute of Australia has been advocating for many years on the need to remove stamp duty on the purchase of homes.
As the Productivity Commission states in its report, stamp duties on property transfers discourage people from moving and lead to less productive use of land.
With housing affordability a major issue across the country, the application of stamp duty is an unfair and inefficient burden on home buyers.
The proposal for a broadbased tax on unimproved land values would provide the State with a steady, efficient income stream and ensure that people are able to move between homes that are appropriate for their lifestyle needs. - Urban Development Institute of Australia WA's Allison Hailes