Progress is finally being made in NSW. Now I wonder when (if) stamp duty will be next?
Abolition of NSW Mortgage Duty
Effective Friday 1 July 2016, mortgage duty in NSW is to be abolished meaning duty is no longer payable on mortgages executed on or after 1 July 2016 and on advances/increases made on or after 1 July 2016 irrespective of the date of the mortgage.
For further information, refer to the NSW Office of State Revenue Abolition of Duties website.
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