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:
Duty on Transfer of business assets (other than land)
Mortgage Duty on all advances other than owner occupied or investment housing
Duty on unquoted marketable securities.
These Duties will continue to be levied on transactions until 30 June 2013.
For more information, please contact:
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