Libs Pledge Tax Cuts

  • Repeal act labor’s plans to triple rates
  • Halve stamp duty for first homebuyers
  • Expand the first homebuyers concession scheme
  • Reduce the unit tax

ACT Opposition Leader Zed Seselja and ACT Shadow Treasurer Brendan Smyth announced today that if elected, a Canberra Liberals Government will make a range of tax cuts to reduce cost of living and housing affordability pressures. Mr Seselja said only the Canberra Liberals are committed to reducing the tax burden on Canberra residents to improve their quality of life and help the local economy.

“By putting money back into the pockets of taxpayers, we’ll help them provide for their families, create a higher standard of living, and stimulate Canberra’s economy,” Mr Seselja said.

“A Canberra Liberals’ Government would:

  • Repeal ACT Labor’s tax grab, which will triple rates
  • Halve stamp duty for first homebuyers
  • Expand the First Homebuyers Concession Scheme
  • Reduce ACT Labor’s unit tax.

“Expanding the First Homebuyers Concession Scheme and halving stamp duty will cost $52 million, and the unit tax remission will cost $12.6 million. Repealing the tripling of rates and other tax increases will be revenue neutral, according to the government,” Mr Seselja concluded.

Mr Smyth said the Canberra Liberals understand Canberrans who work hard should be rewarded and not hindered by their government.

“Canberrans are facing massive cost of living and housing affordability pressures, and we’re committed to reducing those which the government can influence,” Mr Smyth said.

“These are affordable, sensible measures that are fully costed.

“Unlike ACT Labor, the Canberra Liberals are absolutely committed to giving Canberrans better local services with lower rates and charges,” Mr Smyth concluded.