New apartments get a break on stamp duty
The stamp duty concession for off-the-plan apartments and townhouses has been increased from $700,000 to include properties valued up to $800,000.
stamp duty
Dual occupancies on suburban residential blocks would be exempt from stamp duty for a limited period, the ACT government announced on Wednesday.
Stamp duty waivers, cheaper rego and more charging stations will form part of a raft of measures that the ACT government hopes will assist Canberra’s transition to zero-emissions vehicles by 2035.
"In a 'double-speak' media release, it becomes clear that support for these entry level, off-the-plan purchases are really designed to support major developers and to drive people into apartments," writes political columnist MICHAEL MOORE.
News
ACT government to extend stamp duty exemptions
The ACT government will remove stamp duty on off-the-plan house purchases of up to $600,000 from April 1.
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