Abolition of NSW mortgage duty
Duty on mortgages for owner occupied housing purposes was abolished on 1 September 2007. Borrowers must be natural persons.
Owner occupied housing
From 1 September 2007, mortgage duty is not chargeable if the mortgage secures an advance or advances made for the purpose. Borrowers must be natural persons.
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.
- How is mortgage duty charged?
- What is the amount secured by the mortgage?
- When must duty be paid?
- Multistate mortgage
- Collateral securities
- Exemptions and concessions
- Mortgages and credit contracts
- Farm machinery and commercial vehicles
- How are caveats assessed?
- Stamping and marking documents
- Owner Occupied
- Investment housing
- Limited mortgages – transitional provision
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.