South Australia Stamp Duty ReformsStamp duty is a barrier to investment in property, and has become a more significant one when there is a rapid increase in capital values. In recent years the SA Government has changed parts of the stamp duty legislation with the aim to increase business investment in the state. There have been two significant reforms regarding stamp duty over the last five years. The first to be implemented was an exemption and a partial exemption for off the plan apartments which commenced in 2012. The second and more recent change is the staged abolishment of stamp duty for a range of asset classes which was announced as part of the 2015/2016 budget.The paper below will explore both of these reforms and the affect these reforms have had on the property market to date. It will also explore the possible future implications for these reforms. This paper was written by Kate Gray, Associate Director Research, Colliers International.
Home Property Australia South Australia Stamp Duty Reforms