Clients should be aware that, pursuant to last evening’s New South Wales Budget, certain Duties previously due to be abolished on 30 June 2012 have now been extended to apply until 30 June 2013. These include:
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Duty on Transfer of business assets (other than land)
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Mortgage Duty on all advances other than owner occupied or investment housing
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Duty on unquoted marketable securities.
These Duties will continue to be levied on transactions until 30 June 2013.
For more information, please contact:
The information in this document is provided for general guidance only. It is not legal advice, and should not be used as a substitute for consultation with professional legal or other advisors. No warranty is given to the correctness of the information contained in this document, or its suitability for use by you. To the fullest extent permitted by law, no liability is accepted by DibbsBarker for any statement or opinion, or for an error or omission or for any loss or damage suffered as a result of reliance on or use by any person of any material in the document.
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