Watch out – property tax changes

Stephen Baxter, Director and Head of the Australian Indirect Tax Division, Mazars

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NSW property purchasers take heart! If you’re fed up with the onerous transaction costs associated with buying a property – especially those upfront stamp duty payments – you’ll be interested in moves by the New South Wales government to reform the property tax system. Proposed reforms will offer purchasers the choice between the existing stamp duty and land tax regime and a new annual property tax. How will it work? Stephen Baxter of Mazars explains.