22 June 2015
South Australia’s Labor Government has made a number of bold initiatives in favour of its business community after having delivered its Budget for the 2015-16 financial year on the 18 June 2015.
Because of South Australia’s operating surplus from it growing share of GST revenues it has been able to afford to give a number of significant tax cuts.
Some of these cuts include the abolition of stamp duty on non-real property and share transactions from the 18 June 2015.
And from the 1 July 2018 there will be no more stamp duty on commercial property transactions. This will be phased in over the next three years. From the 1 July 2016 there will be a one-third reduction, and another one-third reduction from the 1 July 2017 and abolishment from the 1 July 2018.
