Webb24 juni 2009 · Under the existing provisions, land-rich duty is only imposed on the NSW landholdings of the landholder. As a result, duty savings were sometimes available by … WebbOn this basis, land rich vendor duty could be regarded as an anti-avoidance measure. That is, one aimed at ensuring that the same duty is paid when an entity is sold rather than the NSW land owned by the entity. That is the rationale given in the second reading speech in the Legislative Assembly when Graham
Acquisitions of interests in land rich landholders Revenue NSW
Webb1 jan. 2024 · A$310 million (previously A$289 million) for acquisitions of Australian businesses by foreign persons, unless the higher A$1,339 million threshold below … Webbacquisition of land by a linked entity of a land-rich entity is treated as an acquisition by that land-rich entity. See Schedule 1 [3]. The amendments will have effect as if they had commenced on the date on which the Bill for the proposed Act was introduced in the Legislative Assembly. See Schedule 1 [14]. Savings and transitional ruth peeples
Legislation - Crown Lands
Webb31 okt. 2024 · Revenue NSW has initiated a new crackdown on land tax compliance. Landowners in New South Wales with aggregate taxable landholdings above the tax … WebbCurrent legislation governing Crown lands in NSW came into force on 1 July 2024. Crown Land Management Act 2016. Crown land is governed by the Crown Land Management Act 2016 (CLM Act). It provides a framework for the NSW Government, local councils and members of the community to work together to provide care, control and management … Webbdirectly and/or through linked entities and discretionary trusts as at the date of the relevant acquisition See notes 3 and 4. (i) Unencumbered value of all residential land in NSW directly held by the landholder $ (ii) Unencumbered value of all residential land in NSW the landholder was entitled to through linked entities $ ruth pena facebook