South Australia Abolishes Stamp Duty on Non-Real Property Transactions - Effective ImmediatelyMaharaj, Keshni
In comparison, in South Australia, when you buy a residential property for the purchase price of $607,000 you willpay a stamp dutyof $27,215 regardless of whether you are a first-time buyer or not. Stamp Duty On Cars If you are planning to purchase a new or used vehicle, then you ...
First Home Buyers may be exempt from Stamp Duty in many cases, but this will depend on the value of the property being purchased, and possible State based conditions. Each State has a threshold, under which a First Home Buyer will pay reduced stamp duty rates or none at all. Rates as a...
The Bill removes the "no detriment" requirement. It now requires that the transfer must not be part of a scheme to avoid duty that involves conferring an interest, in relation to the dutiable trust property, on a new trustee or any other person (whether or not as a beneficiary) so as ...
Commercial and industrial property – 1 July 2024 transition from stamp duty In the same week that the new Government of New South Wales introduced legislation to repeal the last vestiges of its predecessor's attempts to transition its tax base away from stamp duty, Victoria has moved in th...
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It has done so in the area of stamp duty in a way which serves to better understand these two property law concepts. Secondly, it has undertaken, in the context of the operation of stamp duties legislation, a review of the approach to be adopted henceforth in Australia generally (because ...
Another significant amendment proposed by the Bill is to charge duty on: the making of a statement that – purports to be a declaration of trust over dutiable property, but merely has the effect of acknowledging that identified property vested, or to be vested, in the person mak...