Stamp duty abolishment deferred

21-May-2013

The NSW Government has recently announced that it will temporarily defer the abolition of stamp duties on certain transactions. The imposition of duty on the following was due to be abolished on 1 July 2013:

  • mortgages
  • the transfer of private company shares and units
  • the transfer of non-land business assets (including goodwill and IP)

Accordingly, stamp duty will continue to be imposed on these transactions and the NSW Government has not at this time nominated any future date for the abolition of these duties.

 

Disclaimer. This publication contains general information which may not suit your particular needs or circumstances. Webb and Boland Lawyers strives to ensure that the information in this publication is accurate and up-to-date, but does not represent or guarantee that it is accurate, reliable, current, complete or suitable. The information in this publication is not legal or other professional advice. To the maximum extent permitted by law, Webb and Boland Lawyers excludes liability for any loss, however caused (including by negligence), relating to or arising directly or indirectly from using or relying on any content in this publication.



View all news items