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Abolishing stamp duty on home purchases...but.... (Read 2661 times)
Grappler Truth Teller Feller
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Re: Abolishing stamp duty on home purchases...but....
Reply #15 - May 11th, 2020 at 9:53pm
 
Expect the price to rise to accommodate - the manipulated market never misses a trick.
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Re: Abolishing stamp duty on home purchases...but....
Reply #16 - May 12th, 2020 at 7:42am
 
Baronvonrort wrote on May 11th, 2020 at 8:33pm:
John Smith wrote on May 11th, 2020 at 8:00pm:
Baronvonrort wrote on May 11th, 2020 at 6:29pm:
We already have land tax for investment properties which landlords pass on to renters.


I don't think we have it in Qld


Perhaps you should start thinking.

https://www.qld.gov.au/environment/land/tax


I think both taxes should be removed.

You pay rates that are partially worked out on the size & value of your property anyway.

So it depends on what the valuation of the property is & what category of ownership -

Quote:
Different rates apply depending on this total value and what type of owner you are. You are liable when the total taxable value of your land is:

$350,000 or more—for absentees, companies and trustees of trusts and superannuation funds

$600,000 or more—for individuals.

Reassessments of your land tax can happen when certain events occur, which may increase or decrease your liability.
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Re: Abolishing stamp duty on home purchases...but....
Reply #17 - May 12th, 2020 at 8:38am
 
Baronvonrort wrote on May 11th, 2020 at 8:33pm:
John Smith wrote on May 11th, 2020 at 8:00pm:
Baronvonrort wrote on May 11th, 2020 at 6:29pm:
We already have land tax for investment properties which landlords pass on to renters.


I don't think we have it in Qld


Perhaps you should start thinking.

https://www.qld.gov.au/environment/land/tax


Thinking about what?


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Re: Abolishing stamp duty on home purchases...but....
Reply #18 - May 12th, 2020 at 8:39am
 
Setanta wrote on May 11th, 2020 at 8:45pm:
John Smith wrote on May 11th, 2020 at 4:47pm:
The_Barnacle wrote on May 11th, 2020 at 4:08pm:
John Smith wrote on May 11th, 2020 at 3:29pm:
It should be removed.

It stops movement in the property market.




Whilst that's true it also means that many people who have already paid stamp duty will now also be paying land tax
I can see a lot of people not being happy with that



Surely they can work it so existing property owners who have already paid stamp duty are exempt from property tax for x number of years



Forever as they already paid what they were required by law when they paid the stamp duty. If it comes into effect if should only start from that date, there should be no retrospectivity.



that works for me.
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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.
 
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Gnads
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Re: Abolishing stamp duty on home purchases...but....
Reply #19 - May 12th, 2020 at 9:32am
 
Setanta wrote on May 11th, 2020 at 8:45pm:
John Smith wrote on May 11th, 2020 at 4:47pm:
The_Barnacle wrote on May 11th, 2020 at 4:08pm:
John Smith wrote on May 11th, 2020 at 3:29pm:
It should be removed.

It stops movement in the property market.




Whilst that's true it also means that many people who have already paid stamp duty will now also be paying land tax
I can see a lot of people not being happy with that



Surely they can work it so existing property owners who have already paid stamp duty are exempt from property tax for x number of years



Forever as they already paid what they were required by law when they paid the stamp duty. If it comes into effect if should only start from that date, there should be no retrospectivity.


This what shytes me about the car sales industry.

Someone buys a new car ... they pay stamp duty on it ...

when that car is traded & resold ...... stamp duty is charged again & again.

It has to be paid on every transfer of registration.

It's bs.

It was supposed to be wiped with the intro of GST

Now both are applied. Angry
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Re: Abolishing stamp duty on home purchases...but....
Reply #20 - May 12th, 2020 at 9:50am
 
Gnads wrote on May 12th, 2020 at 9:32am:
Setanta wrote on May 11th, 2020 at 8:45pm:
John Smith wrote on May 11th, 2020 at 4:47pm:
The_Barnacle wrote on May 11th, 2020 at 4:08pm:
John Smith wrote on May 11th, 2020 at 3:29pm:
It should be removed.

It stops movement in the property market.




Whilst that's true it also means that many people who have already paid stamp duty will now also be paying land tax
I can see a lot of people not being happy with that



Surely they can work it so existing property owners who have already paid stamp duty are exempt from property tax for x number of years



Forever as they already paid what they were required by law when they paid the stamp duty. If it comes into effect if should only start from that date, there should be no retrospectivity.


This what shytes me about the car sales industry.

Someone buys a new car ... they pay stamp duty on it ...

when that car is traded & resold ...... stamp duty is charged again & again.

It has to be paid on every transfer of registration.

It's bs.

It was supposed to be wiped with the intro of GST

Now both are applied. Angry





I agree   its a complete rip off....

wait until we start emerging from the covids   boy are we in for a treat......coffee seems to be trending very well so can we see a tax on every cup of coffee sold..??..

GST has got to go up........

alcohol and tobacco



perhaps we will all wear E Tags   so we get charged for every door we go through..... Angry Angry
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Re: Abolishing stamp duty on home purchases...but....
Reply #21 - May 12th, 2020 at 2:35pm
 
Gnads wrote on May 12th, 2020 at 9:32am:
Setanta wrote on May 11th, 2020 at 8:45pm:
John Smith wrote on May 11th, 2020 at 4:47pm:
The_Barnacle wrote on May 11th, 2020 at 4:08pm:
John Smith wrote on May 11th, 2020 at 3:29pm:
It should be removed.

It stops movement in the property market.




Whilst that's true it also means that many people who have already paid stamp duty will now also be paying land tax
I can see a lot of people not being happy with that



Surely they can work it so existing property owners who have already paid stamp duty are exempt from property tax for x number of years



Forever as they already paid what they were required by law when they paid the stamp duty. If it comes into effect if should only start from that date, there should be no retrospectivity.


This what shytes me about the car sales industry.

Someone buys a new car ... they pay stamp duty on it ...

when that car is traded & resold ...... stamp duty is charged again & again.

It has to be paid on every transfer of registration.

It's bs.

It was supposed to be wiped with the intro of GST

Now both are applied. Angry


Don't recall that as part of the deal.  State sales tax was.

There is no way State Governments will do away with stamp duty.  It is one of their major sources of income.  If it goes, they will need to replace that money by upping other taxes.
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Re: Abolishing stamp duty on home purchases...but....
Reply #22 - May 13th, 2020 at 6:21am
 
The grubberment will always find a way to separate you from your cash.

The average bloke pays around 25 to 30% tax across his total income.
Then there is a lovely little GST of 10%
Now, because the grubberment are crooks, they have all sorts of additional taxes.
Petrol - around 70% tax
Grog - around 70% tax
Buy a car, a house, you pay stamp duty of thousands, which is added to the loan, which you pay tax on again and again.

Then there is things like licences, every couple of years,  you pay money for........Nothing.
Same with rego, what do you get?
They simply take your money so you can drive. Other taxes pay for the roads, or should.

The grubberment have their dirty little fingers in every transaction.
They have entire departments who do nothing but look and new and more questionable ways to take your money.

Hell,  90% of all money earned is taken in tax I one way or another.

A manufacturer wants to build say, a tv.
He has to purchase or rent a building......tax on rent or purchase
Then he has to employ people......tax on the people and they pay income ta
Then he has to buy the materials....taxed on them
He has to buy machinery and tool......taxed again
He builds and sells the tv's.......pays tax
The truck driver pays reno, licence fees, road tax and petrol tax....tax tax tax
The sales outlet pays for buying or renting the premises....tax
The people working selling the goods....pay tax
The advertising for the goods.....are taxed
And if you have it delivered..tax again

You work to earn money......pay income tax
You buy the tv.....sales tax and GST.
Even driving to the shop and back, you need petrol.....taxed
The electricity required to run your tv.......taxed

Let me see, who makes the most out of manufacturing, selling and buying the tv
OH YEH.....THE GRUBBERMENT.

And who has contributed the least to the design, manufacture and sale of the tv?

OH YEAH, THE GRUBBERMENT.

So, the parasite, who contributes nothing to the design
The parasite who contributes nothing to the setup
The parasite who contributes nothing to the manufacture
The parasite who contributes nothing to the transport of the good.
The parasite who contributes nothing to the establishment of a sales office
The parasite who takes 30% of what you earn and then slaps on GST and sales tax.
The parasite who has no part in anything other than taking money
IS TGE BIGFEST WINNER

Figures.
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Gnads
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Re: Abolishing stamp duty on home purchases...but....
Reply #23 - May 13th, 2020 at 9:58am
 
Aussie wrote on May 12th, 2020 at 2:35pm:
Gnads wrote on May 12th, 2020 at 9:32am:
Setanta wrote on May 11th, 2020 at 8:45pm:
John Smith wrote on May 11th, 2020 at 4:47pm:
The_Barnacle wrote on May 11th, 2020 at 4:08pm:
John Smith wrote on May 11th, 2020 at 3:29pm:
It should be removed.

It stops movement in the property market.




Whilst that's true it also means that many people who have already paid stamp duty will now also be paying land tax
I can see a lot of people not being happy with that



Surely they can work it so existing property owners who have already paid stamp duty are exempt from property tax for x number of years



Forever as they already paid what they were required by law when they paid the stamp duty. If it comes into effect if should only start from that date, there should be no retrospectivity.


This what shytes me about the car sales industry.

Someone buys a new car ... they pay stamp duty on it ...

when that car is traded & resold ...... stamp duty is charged again & again.

It has to be paid on every transfer of registration.

It's bs.

It was supposed to be wiped with the intro of GST

Now both are applied. Angry


Don't recall that as part of the deal.  State sales tax was.

There is no way State Governments will do away with stamp duty.  It is one of their major sources of income.  If it goes, they will need to replace that money by upping other taxes.


They get $100s to $1,000s of dollars for each &  every motorbike, car, truck, semi trailer & road train, boat & trailer & box trailers in every state.

When stamp duty is applied to every purchase & resale ..... IMHO that's a "sales" tax.

So it's double dipping..... plus more.

Once it has been applied to an item it should no longer be applied to any future resale of the same item.

And seeings they collect so much from all this continual taxation ......

you have to ask .... where does all the money go.

Lobby groups shouldn't have to petition to get things fixed or upgraded.

It should be done.

No wonder our Politicians have no conscience when it comes to their wages & perks.
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Re: Abolishing stamp duty on home purchases...but....
Reply #24 - May 18th, 2020 at 9:24pm
 
cods wrote on May 11th, 2020 at 4:50pm:
its not right...  one of the deals with the GST.. was that the States stop Stamp Duty...

the hell they did.




This "handshake deal" with the states - so often disingenuously raised by Peter Costello - was based on the GST being applied to ALL goods and ALL services

The reality was light-years short of that

No GST on your weekly food bill
No GST on the rent on your home
No GST on the cost of GP visits and medical specialists
No GST on your prescriptions and most "over the counter" medications
To name just a few

How could the states POSSIBLY stick to this "deal" - when the Feds caved in first ?





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