In N.S.W. stamp duty on leases is generally payable where a payment or other consideration is provided:-
GST is generally payable on rent and outgoings for commercial leases. Rent is typically assessable income. Capital gains tax may be assessable on
any fee paid for an assignment of a lease or potentially a grant of lease (key-money).
Upon request we can, provide advice regarding stamp duty or assist you or your accountant with legal interpretation regarding duties or taxes.
Contact us to find out how we can help.