Victoria stamp duty increase

Discussion in 'Property Market Economics' started by ATANG, 26th Jun, 2021.

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  1. ATANG

    ATANG Well-Known Member

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    Is it just me or have pretty much every media and articles and news I read over the last few weeks mis understood or scaremongering the public with false information that after 1st July the new stamp duty for anything over $2m will be 0.065%?

    My understanding is that it is only the x amount over 2m is taxed the new rate of 0.065% with the value up to $2 million to be taxed at the current rate. The duty calculator on official website also confirms my understanding but pretty much all the media is just telling people the wrong thing.

     
    ATANG, 26th Jun, 2021
    #1
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