Duty uncertainty for NSW lease transactions
NSW has introduced new duty laws that will apply to lease transactions, but there are many unresolved questions about how the new rules will work.
The most important aspect of tax policy is certainty.
For any given transaction, businesses need to know if tax applies (and if so, how much and when). Presently, parties engaging in lease transactions in NSW that may involve non-monetary consideration will need to wait longer for that certainty.
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