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NSW Property Tax Proposal

The Tax Institute thanks the New South Wales (NSW) Government for its continued consultation in relation to the proposal to replace stamp duty and land tax with an annual property tax. The Tax Institute’s submission in relation to the NSW Government’s consultation paper, The NSW Budget 2020-2021; Buying in NSW, Building a Future; Creating Jobs and Securing Our Future (Consultation Paper) is accessible here.

We were pleased to see a number of the concerns and recommendations in our first submission have been taken into consideration in the NSW Property Tax Proposal Progress Paper for June 2021 (Progress Paper). We welcome the opportunity to provide further comments in respect of the Progress Paper.

Submission prepared by:

The Tax Institute

Submitted to:

James Hunter
Co-Lead, Tax Reform Taskforce, Lead, Stakeholder Engagement Workstream Tax Reform Taskforce
NSW Treasury

For more information, contact:

Julie Abdalla, FTI
Tax Counsel
The Tax Institute
02 8223 0058