haspete's - another grand on the dow thursday, page-79

sortit

I think you may be confusing state taxes and charges with what the Federal govt imposes on property transfers.

State govs impose a stamp duty on the sale of land and improvements thereon - see link below

http://www.osr.nsw.gov.au/taxes/transfer_land/

State governments are also responsible for the release of land, not the federal govt, because this is a state function.

The federal govt taxes capital gains on property sales, but only where it is not used as a person's sole residence. There is a 50% discount on the capital gains tax if the property is held for over 1 year.

The nation's original best Treasurer, Paul Keating, took the credit for recapitalising our banks (especially Westpac) after they blew billions on various entrepreneurs in the 1980s, although this was achieved by having very high interest rates on homeowners etc. Swanny may decide to follow his approach if circumstances appear to merit this approach.

loki