2007-08 State Budget announcements
Land tax
Land tax relief will be provided from 1 July 2007.
Annual increases in the relevant unimproved value will be capped at 50% for 3 years. Tax free thresholds for individuals, companies, trustees and absentees are to be increased.
Pay-roll tax
All states and territories have been working together to increase consistency in their application of pay-roll tax through an inter-jurisdictional consistency project (ICP).
more...Duties
Mortgage duty will be phased out over a two year period with the reduction to relate to all mortgages where mortgage duty liability arises on or after 1 January 2008.
Rates for vehicle registration duty imposed on applications to register a vehicle and applications to transfer a vehicle under the Transport Operations (Road Use Management) Act 1995 are to change...
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