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New Stamp Duty Opt Out for First Home Buyers – Are you better off?
Legislation has recently been passed allowing first home buyers to opt out of stamp duty in lieu of an annual land tax. This is a watered down version to the original proposal put forward a few years ago however likely that it is viewed as the first step in a major overhaul to stamp duty to occur over several years. Let’s take a look at a few questions and see what we can look forward to.