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Transfer land or business

This includes deferring the abolition of duty on the transfer of business assets (other than land), statutory licences or permissions to 1 July 2012.

Liability

A sale or transfer of land (including improvements) or a business in NSW is liable to duty.

It is immaterial whether or not the transaction is effected by a written instrument or by other means, including electronic means.

A liability for duty arises when the sale or transfer occurs. However, if the sale or transfer is effected by a written instrument, liability for duty arises when the instrument is first executed.

Duty is payable within 3 months of the date liability arises. The purchaser or transferee is liable to pay the duty.

More information

OSRAssist

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.

Last updated: 13-May-2009
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