New NSW Land Transfer Charge from 1 July 2010

All land transfers in New South Wales will be subject to an ad valorem Land Transfer Charge from 1 July 2010, following an announcement by the NSW Government and the partial assent of the State Revenue Legislation Amendment Bill 2010

The Land Transfer Charge will be levied as an ad valorem tax on the purchaser (based on the purchase price paid by a purchaser) and payable at the time a transfer document is lodged for registration with Land & Property Information (a division of the Land & Property Management Authority, previously known as Department of Lands).

When will the Land Transfer Charge commence?

The Land Transfer Charge will apply to all transfers of land lodged for registration with Land & Property Information on or after 1 July 2010.