Stamp duty surcharge risk for trusts

Recent changes to duty legislation in New South Wales, Victoria and Queensland has meant that “foreign persons” who purchase certain types of residential land in each of these states, will attract a foreign duty surcharge as determined in each of those states relevant Acts. Legislation in New South Wales and Victoria also imposes a land…

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Abolition of certain New South Wales Stamp Duties

New South Wales will abolish the following duties for transactions made on or after 1 July 2012: duty on transfers of shares and/or declaration of trusts over shares in a NSW company; duty on transfers of units in a NSW unit trust; duty on transfers of NSW business assets other than land and/or declaration of…

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