Effective 1 July 2016, conveyancing documents which are able to be processed on Electronic Duties Returns (EDR), will no longer be assessed by Revenue NSW.
Effective 1 July 2016, additional information will be required on real property transfers.
The 2016 NSW Budget introduced a 4 per cent surcharge purchaser duty on the purchase of residential real estate by foreign persons from 21 June 2016. From 1 July 2017, the surcharge purchaser duty rate will increase from 4 per cent to 8 per cent.
Revenews is our monthly newsletter keeping you up to date on current activities, issues and recent cases.
Social networks