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Abolition of NSW Mortgage Duty

By madhu on June 24, 2016
Effective Friday 1 July 2016 mortgage duty in NSW is to be abolished, meaning duty is no longer payable on mortgages executed on or after 1 July 2016 and on advances/increases made on or after 1 July 2016 irrespective of the date of the mortgage. For further information, refer to the NSW Office of State Revenue Abolition […]

mortgage duty

Effective Friday 1 July 2016 mortgage duty in NSW is to be abolished, meaning duty is no longer payable on mortgages executed on or after 1 July 2016 and on advances/increases made on or after 1 July 2016 irrespective of the date of the mortgage.

For further information, refer to the NSW Office of State Revenue Abolition of Duties website (www.osr.nsw.gov.au/taxes/abolished/iga).

Article written by madhu

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