STAMP OUT DUTY

Avon Valley Gazette - - OPINION -

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

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