Commercial Law

{tag_blogid}

Put on the back-burner once again...Abolition of stamp duty deferred again by the NSW Government

Wednesday, July 10, 2013

You may recall our June 2012 article “Don’t count your chickens before they hatch” which noted that following the 2012 budget, the NSW Government deferred its initial plans to  abolish stamp duty on the transfer of business assets until 1 July 2013.

Unfortunately, the Government has yet again deferred the abolition “temporarily” however no time frame has been announced.

Before the Government can implement the abolition of stamp duty on the transfer of business assets, it must first pass legislation to amend the relevant provisions currently in the Duties Act 1997.

And the waiting continues…

If you would like information on the transfer, sale or purchase of business assets the commercial and contract law experts at Matthews Folbigg Parramatta can provide you with legal advice. Contact our commercial lawyers today.

Phillip Brophy – phillipb@matthewsfolbigg.com.au or 9635 7966


Tags

employment agreements Trustee Change of Trustee ownership structure local government employee termination Property lawyers swimming pool environmental lawyer parramatta Court bankruptcy trade mark commercial lease ATO partnership agreement planning damages environment Property Business director's duties Estate Planning benefits Will Dispute consumer law parramatta lawyers Fraud lawyer ASIC Intellectual Property Franchisee Change to the law asset ownership compliance planning lawyer parranatta specialist legal team notices SMSF specialist PPS work health safety business names tax personal property securities register liability ACCC business lawyer parramatta Superannuation copyright commercial litigation planning expertise Corporate Trustee Franchisor Dispute Business conveyancing Home Warranty Insurance environment expertise legislation change taxation sale of business Trust Superannuation Entitlements Terms of Trade commercial contract lawyers leasing matters employer Landlord commercial lawyer parramatta Heads of Agreement dispute conflict of interest Contract for Sale of Land Property SMSF borrow money ATO guidelines contract lawyers parramatta property settlement safety commercial lawyer Government Environment Franchise Agreement Commercial contract Investment Lease Will Lawyer lawyer parramatta review of the law Due Diligence ATO rules Self Managed Superannuation Fund Contract security interest purchase purchase of business corporate governance Property Invididual local government expertise Local Council litigation Trustee of SMSF asset protection bank guarantee Update Will shareholders agreement parramatta information technology shareholder PPSA PPSR assets commercial contract lawyers parramatta MatthewsFolbigg High Court of Australia business lawyer claim property lawyers parramatta

Archive

Advice Enquiry

Captcha Image
You are:
Business
Individual
Government

Quote Request

Captcha Image
You are:
Business
Individual
Government