SYDNEY, June 14 (Xinhua) -- Foreign property buyers will be slugged a 4 percent charge on stamp duty when purchasing residential real estate in New South Wales (NSW) state, the state government announced on Tuesday. A 0.75 percent land tax surcharge will also be introduced for foreign buyers...
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...
While the changes only impact first home buyers, NSW Treasurer Matt Kean described the change as a “first step” in “testing the waters” of stamp-duty reform – an indication that more is to come. “It will mean more NSW residents will get into their first home at an earlier age and...
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 ...
NSW build-to-rent land tax and stamp duty reforms Taxation in AustraliaMulyono, Cherie
How much stamp duty you pay on commercial property will depend on where the property is and whether you are eligible for concessions. Land Stamp Duty Land Tax is calculated on the purchase price as a percentage. Different rates apply depending on the type of property, the location of th...
Stamp Duty Formula URGENT Hi guys, im just making a simple spread sheet and need to work out a formula for NSW stamp duty: on sheet 1 i have the house value in cell B3, and on sheet 2 i have the stamp duty amounts so i can have them separate/not visible from sheet 1: $0 - ...
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 o...
The Bill causes a fundamental policy change by restricting the duty concession on a transfer of property in connection with a change of trustee where there is also a change in the beneficiaries of the trust. Unpaid land tax can be recovered from the Government entity and the lessee on a jo...