In very limited circumstances, in NSW a property can be transferred without paying transfer duty. Townsend Law’s Jonathon See explains.
land tax
Deadline approaching to review discretionary trusts
An important reminder that discretionary trusts that have already sold all residential properties before the deadline of 31 December 2020 could still be assessed for foreign surcharge purposes under the new NSW laws even if the trusts have already been wound up.
Can my SMSF enjoy the Land Tax threshold?
What is land tax and how much will it cost me? Land tax is a tax payable by owners of land on the value of all taxable land they own as at midnight on 31 December of each year in NSW. The rate for the 2014 tax year is $100 plus 1.6% of the land […]
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