As an Aussie - stamp duty is madness (selling a second hand car has stamp duty is Aussie) but CGT is so sensible. You only pay it when you realise your gain…..
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IDK about Oz but UK the stamp duty isnt progressive like income tax so you pay the next band up on all the value so it really screws with the property market
aug 31, 2025, 8:44 pm • 1 0 • view
When I left it was like 3% on all property sold in NSW. Considering all the flipping that went on 90/early 20s the state govt got a lot of $$$!
aug 31, 2025, 9:09 pm • 0 0 • view