All of the State and Territory Governments have recently handed down their budgets for the 2017/18 year. Most governments have announced significant changes to State Taxes. The major focus of these changes have been:

• To increase stamp duty concessions and the First Home Owner Grant for first home buyers;
• To increase stamp duty and land tax rates for foreign investors; and
• To increase the payroll tax wage thresholds and the payroll tax rebates for apprentices.

To see all the changes, click here for a table setting them out.

Please contact John Caravousanos if you wish to discuss any of these changes further.

This article was written by John Caravousanos, Special Counsel, and Lindsay Reed, Partner.