VATupdate

Share this post on

Indirect Tax Measures in 2023 Budget (South Australia)

The 2023 South Australia budget—delivered 15 June 2023—includes a proposal to abolish stamp duty for first home buyers who purchase a new home valued up to $650,000, or vacant land valued up to $400,000 to build a new home. The measure is proposed to become effective 15 June 2023.

  • Partial reductions in stamp duty would be available under a phased approach up to $700,000 for a new home and $450,000 for vacant land…

Source: KPMG

Sponsors:

VAT news
VAT news

Advertisements: