TALE OF TWO DEVELOPMENTS: ONE OWNED BY LABOR, ONE NOT

An eight townhouse complex in Braddon that will face a $240,000 lease variation tax is in stark contrast to the $0 paid by the Labor Club for its 36 apartment building on the same street, Leader of the Opposition Alistair Coe said today.

The Labor Club is currently developing an apartment building in Braddon on the site of Labor’s former Party headquarters. According to the Government’s new policy, the development would attract a tax of $1.08 million. However, Labor did not pay a dollar.

In contrast, an eight townhouse complex will pay $240,000 more than what Labor paid.

“Labor’s double standard and profiteering is a disgrace,” Mr Coe said.

“This special deal for Labor looks like a rort.

“At a time when there is a housing shortage and the cost of renting and purchasing is rapidly increasing, the lease variation charge does not make sense.

“Rather than giving itself a free-kick, Labor should pay the $30,000 tax for each of the 36 apartments.

“Andrew Barr should demand that the tax he is charging everyone else should also be paid by Labor,” Mr Coe concluded.