New South Wales to introduce changes for duty, land tax treatment of CCIVs

As highlighted by Sarah Shaw, legislation before the NSW Parliament seeks to address the duty and land tax treatment applicable to corporate collective investment vehicles.

Following on from Victoria's announcement in May 2023, the New South Wales (NSW) Government introduced the Revenue Legislation Further Amendment Bill 2024 (NSW) (Bill) into NSW Parliament on 16 October 2024. The Bill is expected to pass later this year. The Bill introduces key amendments to the Duties Act 1997 (NSW) (Duties Act) and the Land Tax Management Act 1956 (NSW) (Land Tax Act) to incorporate and address the duty and land tax treatment applicable to corporate collective investment v...

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Authors: Sarah Shaw

Published Date: 22 October 2024