Really, why?
Would that mean paying 10% GST on property purchases? No thanks..
The one thing stamp duty does is minimises property speculation through flipping. A flip works in a rising market but otherwise the costs eat up too much margin. Scrapping stamp duty would increase speculation in this area of the market.
Not that I am a fan of SD, writing those cheques kills me a little bit each time...
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Really, why? Would that mean paying 10% GST on property...
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