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Rebecca Barbour on Muck Rack

Rebecca Barbour

As seen in: Lexology
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Articles

NSW Budget 2023-24 tax highlights

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By Nathan Deveson, Gary Choy, Rebecca Barbour, Olivia Fairbank
| Lexology Verified
Significant stamp duty and land tax changes were announced by the NSW Government in its 2023-24 Budget. Key takeouts Duty will be payable on a 20% acquisition in a private landholding trust. The registration of wholesale unit trust schemes has been revived and these will retain the existing 50% acquisition threshold. Corporate reconstruction relief will change from a 100% exemption to a 90% concession (i.e. 10% of the duty is still payable).
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