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The REIV state budget submission.
- Article from:
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Australasian Business Intelligence
- Article date:
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May 29, 2006
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Copyright informationCOPYRIGHT 2006 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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May 29, 2006 (The Estate Agent - ABIX via COMTEX) -- The Real Estate Institute of Victoria (REIV) has recommended numerous reforms be included in the 2006-07 Victorian Budget. Regarding stamp duty, the REIV wants a significant rise in the tax-free threshold, lower rates overall and regular Consumer Price Index adjustments to prevent bracket creep. It says Victoria's stamp duty rate is higher than other states and the Government should progressively reduce its reliance on stamp duty for revenue. The REIV also wants a more permanent scheme to assist first-home buyers. Regarding ...
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