No new taxes in Drummoyne under a Liberal Government

List of Taxes Abolished or Decreased since 2011

• Stamp duty: introduce First Home Buyer Choice for properties up to $1.5m giving first home buyers a choice between larger upfront stamp duty or lower annual payment

• Land tax: extending principal place of residence exemption for building or renovating a home

• Payroll Tax waiver of 50% in 2021-22 for businesses with Australian wages less than $10m

• Stamp Duty waiver on Electric Vehicles sold for up to $78,000

• Payroll Tax rate reduction from 5.45% to 4.85% in 2020-21 and 2021-22

• Accelerate Payroll Tax threshold to $1 million from 1 July 2020

• Payroll threshold increased from $1 million to $1.2 million

• Payroll Tax waiver of 25% in 2019-20 for businesses with Australian wages less than $10m

• Payroll Tax exemption for additional wages arising from JobKeeper

• Transfer Duty reduction for one year for first home buyers purchasing new homes valued between $650,000 and $1 million

• Freeze of indexation rates for heavy vehicles

• Extension of the rebate for Primary Producer Heavy Vehicle registration

• Emergency Drought Relief through one-year relief from Local Land Services annual rates and Farm Innovation Fund loan interest relief

• Broadened Toll relief Program

• Indexing Transfer Duty thresholds to CPI

• Free registration on Primary Producer Heavy Vehicles

• Emergency Drought Relief Package that includes free registration to agricultural vehicles, waiving local land services rates and waiving interest loans under the NSW Farm Innovation Fund

• Introduced new $1 million Payroll Tax threshold

• Caravan motor vehicle weight tax reduced by 40%

• NSW Tolling Reward Plan: Introduced free motor vehicle registration for large toll consumers

• Abolish insurance duty on commercial vehicle insurance for small businesses

• Abolish Insurance Duty on professional indemnity insurance for small business

• Abolish Insurance Duty on product and public liability insurance for small business

• Abolish Insurance Duty on lenders mortgage insurance

• Abolish Insurance Duty on crop and livestock insurance

• Transfer duty exemption for first home buyers on new and existing homes valued up to $650,000, with discounts up to $800,000

• Lowering NSW wagering tax rates to match Victoria’s

• Abolition of stamp duty on business mortgages

• Abolition of stamp duty on unlisted marketable securities

• Abolition of transfer duty on non-real assets

• Payroll tax threshold increase from $689,000 to $750,000

• Raise the property value cap on first home buyer stamp duty concessions for new homes from $600,000 to $650,000

• Payroll tax rebate for workers with a disability