Published on 23 Nov 2004
| Took place at Illawarra Catholic Club, Hurstville, and The Chatswood Club, Chatswood
This seminar series was held in:
- Hurstville on 16 November 2004
- Chatswood on 23 November 2004.
There are a number of aspects of the recently
introduced vendor duty provisions in NSW that
have caused confusion for advisors and property
owners alike. This seminar attempted to clear up some of the confusion and provide an overview of the operation of the new vendor duty rules, with particular emphasis on the various exemptions
and concessions available under the provisions.
The seminar also identified and discussed some of
the practical issues that have arisen in attempting to apply the vendor duty provisions to common transactions.
NSW Stamp Duty - the new vendor duty rules
Author(s): Andre SPNOVIC
The main topics covered in this presentation are:
transactions that attract vendor duty
how to calculate the profit on sale of land for vendor duty purposes
the scope of the principal place of residence exemption
the scope of the farming and subdivided land exemptions
exemptions available to property developers
concessions and exemptions available in connection with deceased estates