NSW goes to the polls this weekend and while the Flagstaff Marine team prefers to keep the politics out of our time on the water, we think it’s important that our community is aware of a proposed Labor policy to introduce a new stamp duty on boats.
NSW Labor has announced that it will impose a duty on the sale of all boats with a value of $200,000 or more, starting at $7,600, and increasing by $9 for every $100 above $200,000 and then $12 for every $100 over $300,000.