trust deed

Amend your discretionary trust deed before 31 Dec 2019

NSW foreign duty and land tax surcharge

As a trustee of a discretionary trust we want to ensure you are aware of the State Revenue Further Amendment Bill 2019 (NSW) which was introduced before the NSW parliament on October 22, seeking to amend legislation relating to duties and land tax in NSW.

If your discretionary trust currently owns residential property in NSW you must seek further legal advice to ascertain if your trust deed needs updating prior to 31st December 2019.

If your discretionary trust intends on buying residential property in the future you should seek advice prior to signing any contracts.

Should you have any questions, please do not hesitate to contact Salisburys accountants in Albury NSW or your solicitor for more information.