off the plan purchases - stamping

[HelenBenge]

Hello DylanZ

Whilst we try to inform our Members of industry changes where we can, the change here is to do with processes within Revenue NSW and not PEXA.   I'm unclear if Revenue offices in other jurisdictions have similar or different processes as I only work inside the NSW jurisdiction.

I believe this is the power of the Community - we can all ask questions and have them answered and share knowledge.

I'll investigate if Revenue NSW has a link to current processes or requirements that we can share here in the Community.  If they do (and we can link to it), perhaps that might be a good way of keeping us all updated on changes they make over time.

Regards

Helen Benge

PEXA Developer Specialist - NSW

[Karen3]

Hi

Has there been any update since March 2018 in relation to completing separate forms to send to OSR when stamping on parent lots?

Are we still required to email the paper forms to OSR?

[HelenBenge]

Hello Karen3.

Thanks for your query.

I understand that Revenue NSW no longer require those forms to be lodged when updating the stamping with child title info after registration.  Members now either email or phone the Revenue office to update the details.

Regards

Helen.

[GeorgePolus]

Hi Karen

Revenue NSW have implemented a change in their systems to enable a stamp duty verification on a child title after stamping has been completed on the parent lot. 

However, this is only the case where the stamping assessment has been marked as an off the plan matter. 

Other scenarios involving a parent and child will still require contact with Revenue NSW, as per the process you have described below.  For further information please contact Revenue NSW.  https://www.revenue.nsw.gov.au/contact#accordion__link-428832-1

Apologies I cannot be more specific.  The procedure is a NSW OSR procedure.

Regards

George