Revenue Law

Commercial transactions often have associated transfer duty or taxation consequences. We take satisfaction in helping clients structure transactions to legitimately minimise the transfer duty or tax they pay or to utilise available concessions and exemptions where possible.

Some recent experience:

• we regularly assist charities to obtain exemption from transfer duty on real estate purchase transactions under the Charitable and Benevolent Bodies provisions of the Duties Act (NSW)

• we have assisted first home buyers avail themselves of concessions and exemptions from transfer duty under the First Home Buyers Assistance Scheme

• we have advised foreign buyers about the potential sting of surcharge purchaser duty and how it might be avoided

• where is it proposed to replace a trustee of a trust which involves an associated transfer of dutiable property, we have helped trustees with amendments to trust deeds and submissions to Revenue NSW to ensure that nominal duty only it payable

• in transactions between entities registered for GST, to assist cashflow, we have identified whether a going concern exists or how it might be created to make the supply GST-free

• we regularly advise clients on how to structure their affairs and the manner in which real estate is used, to obtain the full benefit of capital gains tax discounts and exemptions.