2010 March

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Stamp duty on purchase of land in NSW Dutiable value of the dutiable property subject to the dutiable transaction Rate of duty $0 - $14,000 $1.25 for every $100 or part of the dutiable value $175 plus $1.50 for every $100 or part , $14,001 - $30,000 by which the dutiable value exceeds $14,000 $415 plus $1.75 for every $100 or part, $30,001 - $80,000 by which the dutiable value exceeds $30,000 $1,290 plus $3.50 for every $100 or part, $80,001 - $300,000 by which the dutiable value exceeds $80,000 $8,990 plus $4.50 for every $100 or part, $300,001 - $1m by which the dutiable value exceeds $300,000 $40,490 plus $5.50 for every $100 or over $1m part, by which the dutiable value exceeds $1,000,000 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. Purchasers of Newly-constructed dwellings worth up to $600,000 will receive 50% discount on stamp duty if they purchase before 30June <strong>2010</strong>. (source:NSW office State Revenue website) 14 14
Our offices Head Office in Sydney Port Jackson Tower 38 Alfred Street, Milsons Point, NSW 2061 Phone: (612) 9956 6500 Fax: (612) 9956 6522 Hong Kong Branch Suite 1905 Lippo Centre Tower 2, 89 Queensway, Admiralty Hong Kong Phone: (852) 2918 8788 Fax: (852) 2918 9808 Our Team 15 15
Page 1 and 2: By the Bay on the Park PROPERTY REV
Page 3 and 4: Message from John Tower John Tower
Page 5 and 6: 1/11 John St McMahons Point With a
Page 7 and 8: Current Sales The Beautiful AREA bu
Page 9 and 10: Current Leasing 1 McDougall Street,
Page 11 and 12: Current Leasing 67 Kurraba rd, Neut
Page 13: Current Interest Rates for housing

2010 March

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