Government push to tax Peel to fund public spaces

PIC: File

State Treasurer Ben Wyatt wants to introduce an extension to a land tax that would see investment and commercial properties in the Peel taxed.

The McGowan Government will continue to push for changes in tax that were previously introduced by the Liberal Party.

The West reports treasurer Ben Wyatt is understood to be investigating extending land tax to include the Peel and greater Bunbury areas in the Metropolitan region so they can be charged with region improvement taxes.

The tax would see around an extra $7 million a year raised to pay for public open spaces and land needed for roads and other infrastructure. 

According to The West Mr Wyatt is pursuing the changes after Liberals voted down key Budget measures, including a $400 million gold royalty increase. 

The tax applies to commercial properties and residential investments with a value greater than $300,000.

The previous Liberal government proposed a similar tax extension, but now oppose the changes as they sit in opposition. 

Liberal leader Dr Mike Nahan yesterday said the opposition would move to block any proposed changes.

The West said Dr Nahan accused the Government of breaching its pre-election promise to not raise taxes. 

“Any attempt by the State Government to expand the metropolitan region improvement tax will be yet another breach of Mark McGowan’s categorical election promise to West Australians not to introduce any new taxes or increase existing taxes,” Dr Nahan said to The West. 

 

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