Dear All,
I just heard on radio this morning that the Howard’s government have a hidden agenda of introducing $2000 land tax for every single house.
is it true? Can anyone provide more details?
What’s about a discussion about it here?
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]Chan$, I think you will find that to be a furphy. From what I read/hear and understand – all states (and Federal Government) are trying to make housing affordability easier for first home owners.
I would be surprised if;
A) The Federal Goverment would want to put land tax upun land tax (ie. many houses are already subject to land tax already)
Land tax is a State Government tax anywayC) I would think that it would be the most unpopular move in political history in the current economic climate.
Probably just a scare campaign.
‘Eat rich food, barbeque a yuppie’
Here’s a reference to that story:
http://www.abc.net.au/news/newsitems/s1065616.htm
Problem is… abolishing stamp duty for *first-home buyers* homebuyers relieves that group. But a $2k duty for each home (including IP’s presumably) for each year of the property’s existence? That’s a lot of moolah.
kay henry
Oh come on.
“…New South Wales Treasurer Michael Egan has seized on those comments to claim Canberra has a secret plan for a national land tax…”
Well I claim that Michael Egan is a useless treasurer – does that mean I am right? Where are the facts? Usual crap reporting by the ABC trying to justify itself as a serious media outlet (and failing badly in my opinion).
‘Eat rich food, barbeque a yuppie’
hehe Rugby- yer funny [
]kay henry
Originally posted by Rugbyfan:Chan$, I think you will find that to be a furphy. From what I read/hear and understand – all states (and Federal Government) are trying to make housing affordability easier for first home owners.
I would be surprised if;
A) The Federal Goverment would want to put land tax upun land tax (ie. many houses are already subject to land tax already)
Land tax is a State Government tax anywayC) I would think that it would be the most unpopular move in political history in the current economic climate.
Probably just a scare campaign.
‘Eat rich food, barbeque a yuppie’
Rugbyfan,
That’s what I thought. If more land tax take effect then property price slump will go faster than normal.
Kind regards
Chan Dollars
[Retire Young Retire Rich]Thanks Kay for the link. Below is the info from the link:
Last Update: Sunday, March 14, 2004. 2:22pm (AEDT)
Claim Fed Govt planning national land tax
The New South Wales Government has accused the Federal Government of secretly planning to introduce a national land tax.It claims the tax would cost each home owner in the country $2,000 a year.
Prime Minister John Howard has called for the abolition of stamp duty to ease pressures on house prices.
He predicted a Productivity Commission report on housing affordability due late this month would back the idea.
New South Wales Treasurer Michael Egan has seized on those comments to claim Canberra has a secret plan for a national land tax.
He says Mr Howard chose not to mention the Commission’s draft, report released late last year, suggested replacing stamp duty with more efficient taxes, including a comprehensive land tax.
“That’s the recommendation that Mr Howard is supporting today – abolition of stamp duty but the imposition of a land tax on every land tax in Australia – approximately $2,000 a year for every household in Australia,” Mr Egan said.
Kind regards
Chan Dollars
[Retire Young Retire Rich]Originally posted by kay henry:Here’s a reference to that story:
http://www.abc.net.au/news/newsitems/s1065616.htm
Problem is… abolishing stamp duty for *first-home buyers* homebuyers relieves that group. But a $2k duty for each home (including IP’s presumably) for each year of the property’s existence? That’s a lot of moolah.
kay henry
but stamp duty is just a one of where as $2000 per year is a lot money in long term. Therefore, the government planning to back step the citizen.
Kind regards
Chan Dollars
[Retire Young Retire Rich]Originally posted by Rugbyfan:Oh come on.
“…New South Wales Treasurer Michael Egan has seized on those comments to claim Canberra has a secret plan for a national land tax…”
Well I claim that Michael Egan is a useless treasurer – does that mean I am right? Where are the facts? Usual crap reporting by the ABC trying to justify itself as a serious media outlet (and failing badly in my opinion).
‘Eat rich food, barbeque a yuppie’
I think you’re right, rugbyfan.
Kind regards
Chan Dollars
[Retire Young Retire Rich]Nothing like a good scare story to boost the ALP’s
support.The fact remains that one can never trust a politician and certainly not a desperate Labor one trying to help his fellow mate in the federal election.
Pisces
Land tax is a State Government tax anyway
]
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