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Time to end stamp duty on property purchases?

Economists and academics, the Productivity Commission, Infrastructure Australia, various think tanks and government tax reviews have all called for stamp duty to be replaced by a broad based land tax.

Politicians have long put the proposal in the too hard basket.

Trent Wiltshire, the chief economist at Domain, has reignited the debate with an opinion piece on the real estate website.

He tells Mark there would be winners and losers and it would be difficult but it would provide a significant boost for the economy and home buyers.

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