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Legislative Assembly for the ACT: 2010 Week 05 Hansard (Thursday, 6 May 2010) . . Page.. 2013 ..


(3) As at 28 February 2010, 9 blocks were leased at the discount rate and none at the standard rate.

(4) As at 28 February 2010, the total value of blocks settled, exchanged, or pending exchange was around $46 million.

(5) To 28 February 2010, the ACT Government received $31,384 in revenue under the scheme.


Taxation—stamp duty(Question No 701)

Mr Seselja asked the Treasurer, upon notice, on 18 March 2010:

(1) What is the value of rates and land tax paid by small businesses in the ACT.

(2) What is the total value of stamp duty paid in the ACT by homebuyers who purchased (a) existing housing stock and (b) new homes, by homes, units and townhouses in each month of the 2009-10 financial year.

(3) What is the average value of stamp duty paid in the ACT by each homebuyer who purchased (a) existing housing stock and (b) new homes, by homes, units and townhouses in each month of the 2009-10 financial year.

(4) What is the total value of stamp duty paid in the ACT by first homebuyers who purchased (a) existing housing stock and (b) new homes, by homes, units and townhouses in each month of the 2009-10 financial year.

(5) What is the average value of stamp duty paid in the ACT by each first homebuyer who purchased (a) existing housing stock and (b) new homes, by homes, units and townhouses in each month of the 2009-10 financial year.

Ms Gallagher: The answer to the member’s question is as follows:

1. The size of a business is not relevant to the assessment of these taxes and this data is therefore not recorded in the rates and land tax system. Information on the value of rates and land tax paid by small businesses in the ACT is not able to be provided.

2. Whether the transfer is for existing housing stock or new homes (homes, units and townhouses) is not relevant to the assessment of duty and therefore this level of detail is not recorded in the duty system. A breakdown of the total value of stamp duty paid on existing housing stock and new homes (homes, units and townhouses) is not available from the duty system.

3. See answer 2. above.

4. See answer 2. above.

5. See answer 2. above.



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