Revenue NSW Update:

Transfer duty — annual indexation correction

The transfer duty thresholds and base amounts as published for the 2021/2022 financial year contain errors. A new notice has been published with the correct thresholds and base amounts.

https://www.revenue.nsw.gov.au/news-media-releases/transfer-duty-annual-indexation-correction

Electronic Duties Returns (EDR) Update

The EDR December 2021 update is now available.

Topics for this edition:

  1. Transfer duty — annual indexation correction
  2. Options — lodgement requirements
  3. eConveyancing — resolving verification errors
  4. Payment of transfer duty over the Christmas/New Year period
  5. Upcoming changes to Purchaser/Transferee declaration and Explanatory notes

https://www.revenue.nsw.gov.au/electronic-duties-for-professionals/update/december-2021