Stamp duties on mortgages, business assets and marketable securities are abolished from 1 July 2016 in NSW.
– Mortgages executed on or after 1 July 2016 will not be liable to duty.
– Sale of business assets (except land) entered into from 1 July 2016 is not liable to duty.
– Duty on the transfer or declarations of trust on marketable securities (shares and units), including commercial fishery shares, is abolished from 1 July 2016.
For details, please visit the website of the Office of State Revenue (http://www.osr.nsw.gov.au/taxes/abolished/iga).