Transfer of non-quoted shares
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.
This includes deferring the abolition of duty on the transfer of non-quoted shares or units to 1 July 2012. This also applies to transfers of shares in share management fisheries.
Rates of duty
The rate of duty chargeable is 60 cents per $100, or part, of the dutiable value of the marketable securities.
A minimum rate of duty of $10 is charged in respect of a transfer of shares of a corporation:
the shares of which are not listed on a recognised stock exchange, and
that is not the legal or beneficial owner of land in NSW
duty is payable on the market value or consideration paid, whichever is greater.
From 1 January 2009 the minimum rate of duty is $50.
Note: Land rich duty will still be payable in certain circumstances.
More information
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.
