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June - "In NSW, foreign buyers will be hit with a 4 per cent stamp duty surcharge from 21 June and 0.75 per cent land tax surcharge starting in 2017. Victoria will raise its existing 3 per cent stamp duty surcharge and 0.5 per cent land tax surcharge to 7 per cent and 1.5 per cent respectively on 1 July, while Queensland's 3 per cent stamp duty ...
This tax was to compensate farmers whose pigs died or were destroyed by swine fever. The first set consisted of five values ranging from 1s to 20s from the King Edward VII stamp duty issue overprinted. In 1930 a new design was issued with values from 6d to £5, and this was reissued in 1966 in decimal currency, with values ranging from 10c to $10.
The first set for this tax was issued in 1866 with the portrait of Queen Victoria. Until 1901, all stamp duty revenues portrayed the Queen, although a multitude of designs and sizes were used. In 1901 a set portraying King Edward VII was issued, and this was replaced by adhesive duty stamps in 1918.
On 26 December 2013, due to the heavy decline in mail usage due to competition from email, etc., Australia Post requested an increase in the base rate to 70c. [6] On 4 January 2016, due to the heavy decline in mail usage due to competition from email, etc., Australia Post requested an increase in the base rate to $1.00. [7]
First time home buyer grants are typically awarded based on a few criteria, primarily financial need and income qualifications as well as never having owned a home before. However, in countries like Australia the criteria include maximum house price, that it is a new build or substantially renovated and having lived in Australia previously.
First-time buyers often face a number of obstacles to purchasing their home. With an average age of 35, according to the National Association of Realtors, first-time homebuyers are 23 years younger...
Typically, this may lead to a higher final price for the buyers. This is because in some countries (such as the United Kingdom and India) there is a stamp duty which is a tax charged by the government on a change of ownership. Because ownership changes twice in an Islamic mortgage, a stamp tax may be charged twice.
The Budget in 2017 abolished stamp duty for first-time home buyers in England and Wales purchasing homes up to £300,000, saving first-time buyers up to £5,000. Additionally, first-time buyers spending up to £500,000 will only pay stamp duty at 5% on the amount in excess of £300,000.