So you would have probably all heard about the carbon tax being introduced on 1 July 2012. It is the political hot topic and has been reported on in every media outlet at every opportunity, and while the carbon tax may have stolen all of the attention, there have also been some significant changes in […]
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Welcome to the Understanding Conveyancing Video Series. In this post we will look at stamp duty and what liabilities arise from the purchase of property. In New South Wales, the sale or transfer of land (including improvements) is normally liable to stamp duty. The liability arises when the sale or transfer occurs. Duty is payable […]
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Deferred timetable for stamp duty abolition In the most recent budget, the NSW Government announced that it was deferring the abolition of stamp duty on (1) the transfer of business assets other than land and (2) the transfer of unquoted marketable securities to 1 July 2013. While this announcement may disappoint anyone looking to acquire a […]