It’s been a big week for property tax. On Sunday we learned the new NSW government was extending stamp duty concessions for first home buyers and will introduce legislation this week to scrap the former government’s ‘opt-in’ stamp duty to land tax scheme. We don’t...
Sent 21/6/22 Today’s announcement by Premier Perrottet that first home buyers could opt into a land tax was a baby step in the right direction of a broader land tax base. “NSW landholders benefitted to the tune of $705 billion in just 2020-21, and were only required...
In July 2021, Prosper was privileged to host a zoom webinar by Joe Langley, a global expert on value capture mechanisms for transport. Joe's talk was based on an article he wrote on the ongoing developer contribution reform effort in NSW. The full article is...
In its latest budget, the NSW Government has laid the foundation for a global best-practice model for major transport funding. Zoom Webinar: Wednesday, July 28th 12:30pm While Victorian's woke up on budget day to a surprise rezoning windfall gains tax, the NSW...
photo credit: kodama (home) Suburbs hit with land tax increase TAXPAYERS owed more than $227 million in land tax by the end of February - a 20 per cent increase since last year, Office of State Revenue figures reveal - with a Herald investigation finding that...