Mortgages
The NSW Treasurer, The Hon. Eric Roozendaal MLC, has announced changes to taxes, duties and benefits as part of the 2008 Mini-Budget. Read more information on the changes announced in the 2008 Mini-Budget.
Abolition of NSW mortgage duty
Duty on mortgages for owner occupied housing was abolished on 1 September 2007.
Owner occupied housing
From 1 September 2007, mortgage duty will not be chargeable if the mortgage secures an advance or advances made for the purpose of owner occupied housing and no other advances. Borrowers must be natural persons.
Investment housing
From 1 July 2008, mortgage duty is not chargeable if the mortgage secures an advance or advances made for the purpose of investment housing and no other advances. Borrowers must be natural persons.
1 July 2012
Mortgage duty is abolished. NSW mortgage duty will not be chargeable on advances made on or after 1 July 2012.
More information
- When must duty be paid?
- Calculator
- How is mortgage duty charged?
- Multistate mortgage
- Collateral securities
- Refinancing
- Exemptions and concessions
- Mortgages and credit contracts
- Farm machinery and commercial vehicles
- How are caveats assessed?
- Stamping and marking documents
- Owner Occupied
- Investment housing
OSRAssist
OSRAssist takes you through a series of questions and gives you an indication of whether or not you need to pay duty or are entitled to an exemption.
