Published on 02 Aug 21
by THE TAX INSTITUTE
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.
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.