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ARTICLE · 03 JULY 2017

Significant changes to New South Wales stamp duty laws - round-up

Clayton Utz
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Trustees, landholders, and the residential home market are all affected by stamp duty changes in New South Wales.

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Keshni Maharaj
Keshni Maharaj
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Trustees, landholders, and the residential home market are all affected by duty changes in New South Wales.

Two key pieces of legislation to broaden New South Wales' revenue base are now law, so any trustees, landholders, or businesses in the residential home market will need to understand how they are affected and seek tax advice.

The Duties Act 1997 (NSW) and Land Tax Act 1956 (NSW) have been amended by:

  • the State Revenue Legislation Amendment Bill 2017, which received royal assent on 11 April 2017 and is now law; and
  • the State Revenue and Other Legislation (Budget Measures) Bill 2017, which received royal assent on 27 June 2017 and comes into effect on 1 July 2017.

Amendments to the change in trustee concession

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