Published on 16 Mar 21
by THE TAX INSTITUTE
The Tax Institute welcomes the opportunity to make a submission in response to the New South Wales (NSW) Government’s proposal to replace stamp duty and land tax with an annual property tax, contained in its consultation paper, The NSW Budget 2020-2021; Buying in NSW, Building a Future; Creating Jobs and Securing Our Future (Consultation Paper).
We have consulted with our technical committees in the development of our submission and we recognise a diverse range of views on the merits of an annual property tax throughout our committees and the broader membership of The Tax Institute. Our submission seeks to provide feedback on further issues which should be considered on the basis the NSW Government proceeds with the proposal.
The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding.
We are also committed to propelling members into the future and onto the global stage with the introduction of the Chartered Tax Adviser designation.