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Articles and legal news from the Atkinson Vinden Team.

NSW Budget Deferral of Stamp Duty Abolition Schedule

News & Updates

We take this opportunity to inform clients that, as part of the State Government’s 2012 Budget, the planned abolition of stamp duty in NSW levied on mortgages, the transfer of business assets and certain marketable securities in private companies, has been deferred for 12 months and is now scheduled to commence on 1 July 2013.

This deferral means that mortgages, the transfer of business assets and marketable securities in private companies will continue to attract stamp duty in NSW until 1 July 2013.

If you are considering purchasing a business or shares in the near future, or are receiving an advance from a potential mortgagor, we advise contacting a member of our Commercial Team before you enter into any formal transaction documents. Please contact Anne Goodrick on (02) 9411 4466.