Using the OSR website to calculate stamp duty In NSW, buying property normally attracts stamp duty. Whether you are a first home buyer or an experienced property investor, understanding your stamp duty liability will assist you to better budget for transaction costs on your intended purchase. Fortunately, [Read More...]
Articles filed under Property Law
2010 Increase for Parking Levy
What is parking space levy? Parking space levy is a levy on off-street commercial and office parking spaces in certain business districts. There are two categories of business districts attracting different rates. From 1 July 2010, the parking space levy in Sydney, North Sydney and Milsons Point (category [Read More...]
NSW New Home Buyers Supplement ends
Changes to benefits for home buyers On 30 June 2010, the NSW New Home Buyers Supplement of $3,000 comes to an end. Transactions dated after 30 June 2010 will no longer be eligible for the supplement. First home buyers may still qualify for the First Home Owner Grant (at $7,000) and the First Home [Read More...]
Cap for First Home Owners Grant
From 1 January 2010, property transactions with a purchase price of more than $750,000 will no longer be eligible for the First Home Owner Grant. Previously, the purchase price for property claimed to be a first home was not a criteria for determining eligibility for the First Home Owners Grant. Please [Read More...]
