Abolition of NSW Stamp Duty on the transfer of business assets and marketable securities

From 1 July 2016, the following transactions will no longer be subject to stamp duty:
1. Transfer of marketable securities; and
2. Transfer of business assets.

What is a marketable security?

Marketable securities include:

  • Shares in an unlisted NSW company.
  • Units in an unlisted unit trust registered in NSW

What is a business asset?
Business assets include:

  • Goodwill of a business that provided goods or services in NSW in the previous 12 months.
  • Intellectual property that has was used in NSW in the previous 12 months.
  • Statutory Licence or permission under Commonwealth Law, where the licence or permission was exercised in NSW in the previous 12 months.

Eligibility
This applies to transfers and/or transactions that occur on or after 1 July 2016.

If you require more information in relation to this article please contact your Walker Wayland representative.