The property sector is in a state of flux, with rising interest rates and falling property prices. Added to these issues are the increasing uncertainty arising from property taxes and amendments that have been made in this area.
This paper deals with changes that are made in the property taxes and the implications that flow on to property owners and, in particular, covers the following:
- Recent amendments made to NSW stamp duty rules and the implications that flow onto leases, options and declarations of trusts
- Stamp duty issues in Victoria and the ACT
- The new property tax; and
- The changing nature of land taxes.