Daniel Andrews rules out replacing stamp duty with an annual tax in Victoria

Premier says he is ‘unconvinced’ that new tax will provide benefits as he flags planning system changes

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The Victorian premier, Daniel Andrews, has rebuffed calls to scrap stamp duty in favour of a broad-based land tax in Victoria, but flagged changes to planning laws in an effort to boost housing supply.

Stamp duty is now being examined by the Department of Treasury and Finance as well as by a parliamentary inquiry, chaired by non-government MPs. Experts told the inquiry last week that the tax is deepening the state’s housing affordability crisis.

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