2011 - year of the real estate agent shakeout, page-9

Here we go, Stamp Duty article #1, and Bam its QLD - the state with one of the lower levels of SD though !!

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http://www.couriermail.com.au/property/controversial-property-stamp-duty-set-to-be-axed-in-queensland/story-e6frequ6-1226020393391

Controversial property stamp duty set to be axed in Queensland

by Renee Viellaris From: The Sunday Mail (Qld) March 13, 2011


IN HIS SIGHTS: Treasurer Andrew Fraser describes stamp duty as a "relic". Source: The Courier-Mail

ONE of Queensland's most despised taxes could be axed to save homebuyers tens of thousands of dollars.

Homebuyers have paid more than $12 billion in stamp duty since 2006 but the State Government yesterday said it should be dumped.

Treasurer Andrew Fraser described stamp duty as a "relic" and an "inefficient" tax.

He said it would be at the top of the state's "hit list" at a federal tax summit later this year.

Federal Treasurer Wayne Swan refused to comment, but housing and real estate groups have welcomed the move.