Stamp duty abolishment deferred
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:
- 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.
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