Authority Updates - New South Wales - July 2016

Government reporting requirements

Legislation introducing Commonwealth Reporting Requirements will require the Office of State Revenue to collect and report transfers of freehold and leasehold interests in real property in New South Wales to the Commissioner of Taxation from 1 July 2016.

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Disclaimer: The information herein has been prepared by SAI Global Property Division Pty Ltd ACN 089 586 872 from information released by the Authority cited on this page. It is provided as general background information only; it is not complete; and it does not comprehensively address this subject matter. Readers should not consider the information so provided as advice nor as a recommendation to take any particular course of action. Persons needing advice should consult their own solicitor, accountant or other professional adviser.