Published on 14 Jul 05
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
There have been a number of changes to the NSW vendor duty since its introduction in 2004. The purpose of this presentation was to focus on the changes introduced in the Duties Amendment (Land Rich) Act 2004, with particular emphasis on changes to exemptions and concessions as well as the extension of application of vendor duty to certain dealings in interests in entities that are land-rich for NSW duty purposes. The main topics covered are:
- extension of vendor duty to disposals of interests in entities that are land rich for NSW duty purposes
- clarification of application of vendor duty to strata-title subdivisions
- changes to various concessions and exemptions, including the principal place of residence exemption
- the notion of passive disposals, ie. disposals of interests in land rich entities that will not attract vendor duty.
André, Deloitte Australia, is a partner in the Brisbane Indirect Tax team. André is an Australian Indirect Taxes professional with almost 25 years of advisory experience across a range of Indirect Taxes. André’s primary areas of experience are in GST, Australia-wide stamp duties and fuel tax credits although he also advises on wine equalization taxes (WET), luxury car taxes (LCT), and customs and excise duties. André provides transaction advisory, ATO dispute resolution and indirect tax risk management and compliance support to a range of clients across all industries, particularly in the small to medium enterprise (SME) market, and has developed a reputation for developing and providing timely, practical and innovative solutions to his clients. He also regularly presents at Tax Institute and ICAA events and is fortunate to count a number of legal and accounting firms as part of his recurring client base given his specific proficiency and experience in the application of GST in the real estate, government, retail/consumer business, travel & tourism, and gaming industries.
- Current at
21 February 2018