Page 2685 - Week 08 - Friday, 1 July 2005

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Taxation—rental properties
(Question No 448)

Mrs Burke asked the Treasurer, upon notice, on 30 June 2005:

What step is the ACT Government taking to review and reduce the high fees, taxes and charges that are placed on private landlords in relation to maintaining a residential rental property?

Mr Quinlan: The answer to the member’s question is as follows:

In the 2005-06 Budget, the Government reduced land tax rates and increased the thresholds at which higher rates take effect, in order to limit the average increase in land tax to CPI growth of 2.4 per cent. This initiative is estimated to reduce land tax revenue by $8.1 million. Further details are provided in Budget Paper No 3, 2005-06 Budget.

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