News & Blog
Legal perspectives from our expert lawyers
Legal perspectives from our expert lawyers
In February of this year, Revenue NSW announced a scaling back of the application of surcharge purchase duty and surcharge land tax for citizens (and certain affiliated entities) of New Zealand, Finland, Germany, and South Africa. We commented on th...
The NSW Government has sought to restore a degree of consumer confidence in the residential apartment building sector through the Residential Apartment Buildings (Compliance and Enforcement Powers) Act 2020 ("RAB Act"). The...
When selling a residential property in NSW, an agent is not entitled to commission or expenses if an agency agreement is not entered into with the vendor. The Property and Stock Agents Act 2002 (NSW) (P&S Act) and the...
On 19 May 2022 the New South Wales Government introduced changes to the Duties Act 1997, specifically introducing section 8(1)(b)(ix) which provides that duty is payable on "a transaction that results in a change in beneficial ownership ...
First home buyers of residential land in NSW now have the option to either pay stamp duty on the purchase price or pay an annual property tax while they own the land by way of the First Home Buyer Choice scheme (FHBC).
For the best part of the last decade, certain foreign purchasers and owners of residential land in New South Wales have been subject to the payment of surcharge purchaser duty on their acquisitions, and surcharge land tax assessed annually on their r...
In the state budget for FY 2022/23 handed down this week, the NSW Government has announced the first steps towards reforming the stamp duty payable in respect of certain property transactions. Stamp duty reform has been flagged for some time, with a...
On 16 February 2021, New South Wales passed the Strata Schemes Management Amendment (Sustainability Infrastructure) Bill 2020 ("Sustainability Infrastructure Bill"). The Bill amended the Strata Schemes Management Act 201...
The NSW Court of Appeal in P & S Kauter Investments Pty Ltd v Arch Underwriting at Lloyds Ltd considered what information must be contained in a notification to insurers for it to constitute notification of facts giving rise to claim for the pur...