Coalition ‘Thinks Big’ in New South Wales Land Tax Reform
The premier of Australia’s most populated state New South Wales (NSW), says he is focused on creating “policies for the next generation” as he launches a major overhaul of tax settings for first-home buyers in the state.
“We need to think big, do things differently and deliver new policies to drive NSW forward,” Dominic Perrottet wrote in an opinion piece in the Sydney Morning Herald on Monday.
“I want to create policies for the next generation, not the next election.”
The government’s First Home Buyers Choice scheme gives those purchasing a property under $1.5 million (US$1 million) a choice between paying a one-off lump sum stamp duty payment or an annual land tax….