Anderson Boemi Lawyers provides legal services for conveyancing and property law; criminal and traffic prosecutions; family law and de facto relationships; wills, probate, estate planning and family provision acts claims; liquor licensing; retail and commercial leases; general litigation; victims compensation.
Based in Dural, we service clients from both Sydney and its surrounding suburbs, and assist with property transactions throughout New South Wales for both local and international investors.
We are the only firm in the Hills District with an Accredited Specialist in Criminal Law. Only Solicitors who have passed additional written and oral examinations and who have satisfied the Law Society of New South Wales that they have the experience to be recognised as an expert in the field may use the term "Specialist".
From 1 July 2010 all land transfers in New South Wales will be subject to an ADDITIONAL Land Transfer Charge under the State Revenue Legislation Amendment Bill 2010.
The Charge will be levied as an ad valorem tax to be paid by the purchaser and is payable at the time a transfer document is lodged for registration with Land & Property Information (LPI).
Who does the Charge apply to and will it replace stamp duty?
The Charge will apply to residential and commercial properties purchased. The Charge is payable by the purchaser IN ADDITION to existing stamp duty obligations.
However, the Charge will not apply to transfers which relate to a Contract for Sale or any other agreement which is entered into before 1 July 2010 and lodged after 1 July 2010 (or the date of commencement of the amendments to the Real Property Act 1900, whichever is later).
Rates
The rates for the Charge are as follows:
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Property Value
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Land Transfer Charge
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Less than $500,000.00.
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The standard flat fee applies- $4.00
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Greater than $500,000.00 but less than $1 million.
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$4.00 (Torrens assurance levy) plus 0.2% of the purchase price over $500,000.00.
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Over $1 million.
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$1,004.00 plus 0.25% of the purchase price over $1 million.
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Note: All levies are to be rounded down to the nearest dollar.
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Contact us for more information or to arrange a consultation with an experienced solicitor.
www.andersonboemi.com.au