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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.
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]
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 ...
The first issue for stamp duty was issued in 1917. [2] This consisted of six values ranging from 1d to £1, and was used until it was replaced by the North Australia issue in 1929. This consisted of three values of 1d, 6d and 1s.
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.
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.
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In 1884, a general tax on income was introduced in South Australia, and in 1895 income tax was introduced in New South Wales at the rate of six pence in the pound, or 2.5%. [6] Federal income tax was first introduced in 1915, in order to help fund Australia's war effort in the First World War. [7]