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Saturday, July 6, 2013

New changes to the Duties Act 1997 (NSW) - 13 April 2012

AppId is over the quota
AppId is over the quota

Our national Stamp Duty practice is one of the largest in Australia and comprises a network of specialists located in four States whom have experience across a wide range of industries. Accordingly, we are able to assist with stamp duty issues on any type of transaction within any State or Territory of Australia.

Our national team can assist you with: Identifying stamp duty exposures and developing strategies to mitigate or minimise those exposuresProviding due diligence (whether vendor or purchaser) and structuring services on mergers and acquisitionsSubmissions to the Revenue Offices, including to secure exemptions/relief from stamp duty and / or to meet statutory filing requirements and payment deadlinesStamp duty services integrated with PwC's full range of advisory, tax and legal servicesObtaining access to key industry bodiesThe Australian Stamp Duty team is also part of a global network which means we can assist on international transactions by liaising with and providing access to stamp duty specialists from other PwC Global member firms.

The most common types of transactions where stamp duty issues arise are: Mergers and AcquisitionsCorporate re-organisationsLiquidations and restructuringDue diligenceHowever, stamp duty issues could arise when you: Acquire or transfer assetsEstablish, amend or terminate trusts, partnerships and joint venturesDeal with shares in companies, interests in partnerships, units in trusts and joint venture arrangementsSecure financeMerge or amalgamate entities, whether or not under foreign lawThese issues could arise even where none of the parties are Australian residents or incorporated in Australia. For more information on when stamp duty applies and the relevant rates, see above links.

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