Duties & Taxes

N.S.W.

Stamp Duty
In N.S.W. stamp duty on leases is generally payable where a payment or other consideration is provided:-

  • in the nature of a capital payment or some other payment to the landlord of a capital nature (over and above rental and outgoings).
  • for the transfer or assignment of a lease (although only nominal duty is usually payable if no premium is paid).
  • for the surrender of a lease (for instance in the case of payment to the tenant).

Taxes
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.
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