Sunday, 30 October 2011

Transfer of land or business calculator

Transfer of land or business calculator
link below
http://www.apps05.osr.nsw.gov.au/erevenue/calculators/landsalesimple.php

Liability

A sale or transfer of land (including improvements) or a business in NSW is liable to duty.
It is immaterial whether or not the transaction is effected by a written instrument or by other means, including electronic means.
A liability for duty arises when the sale or transfer occurs. However, if the sale or transfer is effected by a written instrument, liability for duty arises when the instrument is first executed.










Duty is payable within 3 months of the date liability arises. The purchaser or transferee is liable to pay the duty.