Changes to duty payments on selected Transfer dealings from 3 August 2024

Amendments to the Duties Act 1997, by the State Revenue and Fines Legislation Amendment Act 2022, have resulted in changes to the way duty is to be paid on certain dealing types.

To ensure adherence to this legislative adjustment, NSW Land Registry Services (NSW LRS) will oversee payment of duty on the following dealing types, which are assessed for duty, from 3 August 2024:

• Transfer granting easement
• Transfer granting an easement in gross
• Transfer creating a profit à prendre
• Transfer creating a forestry right

To support this transition, updates have been made to the relevant sections of the Registrar General’s Guidelines and the dealing forms available on the NSW LRS website.
Should you require assistance with completing and lodging the updated electronic dealings, please visit https://help.pexa.com.au/s/article/Residual-Documents-NSW.

 

Where can I get more information?

The Office of the Registrar General has made a recent announcement outlining these changes. This announcement can be accessed here.

For further details on this legislative change and duty requirements please contact Revenue NSW on 1300 139 814.