NSW Government proposes expansion of landholder duty base

Definition of land to include anything fixed to land, land value threshold definition to be changed and joint and severally liable among government proposals.

The State Revenue Legislation Further Amendment Bill 2019 was introduced into the New South Wales (NSW) Parliament on Tuesday 22 October 2019, to amend the legislation relating to duties and land tax.NSW expands landholder duty baseUnder the Bill, anything “fixed to land” will be land for NSW landholder duty purposes. Previously, only common law fixtures were included. Under the new Bill, anything fixed by more than its own weight will be included (e.g. office fit-outs, plant and equipment bo...

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Authors: Gary Chiert, Jenny Lee

Published Date: 23 October 2019