Australia: Changes to duties transactions (New South Wales)
Key information relating to amendments and how they affect duties transactions
Key information relating to amendments and how they affect duties transactions
Following the passing of the New South Wales’ (NSW) Treasury and Revenue Legislation Amendment Act 2023, Revenue NSW released a guide that provides key information relating to the amendments and how they affect duties transactions.
According to Revenue NSW, the guide outlines changes to duties transactions related to:
- Corporate reconstruction and consolidation
- Landholder duty
- Fixed and nominal duty amounts
- Electric vehicle duty exemptions and rebates
- Remissions of interest
The measures in the amendments will generally commence on 1 February 2024.
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