Rebates for foreign developers and changes for First Home Owners – a review of the new NSW Stamp Duty regime
On 27 June 2017, the NSW Government passed the State Revenue and Other Legislation Amendment (Budget Measures) Act 2017 (NSW) which has implemented changes to the current NSW stamp duty regime.
- the introduction of a rebate and exemption process for foreign developers liable to the current ‘foreign person surcharge’; and
- a revised First Home Owner incentive package.
The aim of both of these amendments is to increase housing affordability in NSW.
The full article can be found here.