What is stamp duty?
Answer
A tax on property purchases
Explanation
Stamp duty varies by state, typically 4-5% of property value.
Why this matters for your test
Stamp duty is major cost.
Source: Australian Citizenship: Our Common Bond (2024)
Answer
A tax on property purchases
Stamp duty varies by state, typically 4-5% of property value.
Stamp duty is major cost.
Source: Australian Citizenship: Our Common Bond (2024)
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