15 May Are Strata Plans Eligible for Stamp Duty Exemptions?
Are Strata Plans Eligible for Stamp Duty Exemptions?
One of the most common questions we have received after the announcement of the NSW Small Business Stamp Duty Exemptions, has been whether or not strata plans are eligible.
For the purposes of the Exemptions, Revenue NSW has stated that a small business is; an Individual, Partnership, Company or Trust that:
- is carrying on a business, and
- the business has an aggregated turnover of less than $2 million
Should you still be uncertain, we strongly recommend that you contact your accountant or financial advisor. Note: the declaration covers policies effected or renewed during the year ended 30 June 2018
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