Stamp duty cuts in NSW.Reports on the New South Wales government's announcement that the stamp duty has been abolished on homes worth up to $200,000 in Sydney's metropolitan area and up to $175,000 in country areas.MaddenBruceEBSCO_bspPersonal Investor...
Every state calculates stamp duty differently so to get the most accurate calculation you should use the relevant state stamp duty calculator. It also depends on whether you're purchasing a residential property, for the first time, and whether you are eligible for exemptions or concessions. For e...
NSW Small Business Stamp Duty Exemption Declaration This declaration covers policies effected or renewed during the current financial year. The New South Wales Small Business stamp duty exemption came into effect on 1 January 2018 and applies to small businesses domiciled in NSW with turnover of ...
From next year, eligible first home buyers purchasing a property up to $1.5 million can opt out of paying stamp duty and instead opt-in to paying an annual fee of $400 plus 0.3 per cent of the land value. While the changes only impact first home buyers, NSW Treasurer Matt Kean describe...
NSW mini-budget]]>Saunders, Megan
The NSW Government has introduced a Bill which, if enacted, will significantly change the current stamp duty regime within theDuties Act 1997(NSW) (Act). These amendments have been introduced 16 months after the Government announced its proposal to phase-out stamp duty in favour of...
The ‘amount of duty avoided’ is the amount of duty, or additional duty, that would have been payable (or reasonably payable) by the person if the tax avoidance scheme had not been entered into or made. Proposed 'Amount of duty avoided' is now the amount that would have been payable ...
The industry is concerned about the issue because the country will become less attractive if it will follow other states in imposing stamp duty on their insurance policies leading to increases in ticket prices. The country plans to follow Western Australia, South Australia and Victoria in collecting...
NSW build-to-rent land tax and stamp duty reformsMulyono, CherieTaxation in Australia
NSW Broadens Stamp Duty Exemption for Corporate Reconstructions and Top-Hatting Transactions.(New South Wales)(Legislation)Charteris, Peter