Proposed NSW stamp duty changes will broaden the duty base

As discussed by Robert Nguyen, Jenny Lee and Sarah Shaw, this bill proposes to make a number of important changes in relation to stamp duty and land tax, among other state taxes.

The New South Wales (NSW) Government introduced the State Revenue and Fines Legislation Amendment (Miscellaneous) Bill 2022 (Bill) in the Legislative Assembly on 23 March 2022. The key changes that may impact taxpayers are: introduction of duty on an “acknowledgement of trust”; broadening of the tax base to include changes in beneficial ownership of dutiable property; providing a refund of surcharge purchaser duty and surcharge land tax for residential land that is used wholly or predom...

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Authors: Robert Nguyen, Jenny Lee,

Published Date: 28 March 2022