VFF President Emma Germano told recent Victorian Parliament inquiry that using land tax to replace stamp duty on property sales is not the answer.
Speaking to the Legislative Council Economy and Infrastructure Committee’s Inquiry into Land Transfer Duty, she said a move to abolish stamp duty should not lead to the imposition of land tax on farm properties.
“Victoria’s farming community has very deep reservations about any move to replace stamp duty with a broad-based land tax that would include land tax for primary production land.”
“You have read in other submissions put before the inquiry, and from representatives from other organisations, that stamp duty should be replaced with a broad-based annual land tax.”
“These submissions have however totally ignored the impact that a land tax would have on Victorian agriculture.”