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

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

Archive

Advice Enquiry

Captcha Image
You are:
Business
Individual
Government

Quote Request

Captcha Image
You are:
Business
Individual
Government