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July - Stamp duty abolished for first home buyers in Victoria, Queensland and Western Australia. Investor tax deductions for depreciation and travel abolished. Investor tax deductions for depreciation and travel abolished.
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.
The Goods and Services Tax is a value-added tax of 10% on most goods and services sold in Australia. It was introduced by the Howard Government on 1 July 2000, replacing the previous federal wholesale sales tax system and designed to phase out the various state and territory taxes such as banking taxes, stamp duty and land value tax. While this ...
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]
In Western Australia, duties of this type were overhauled in the Western Australian Stamp Act 1921, which took effect on 1 January 2010. [3] In South Australia, the Stamp Duties Act 1923 was first enacted in 1923, then revised or amended almost yearly until its current version of 2017. [4]
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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.