Digital Duties Form and system enhancements
Duties Online and the digital duties form has been enhanced to incorporate dutiable land transfers affected by the Victorian Budget 2020-21.
From Monday 20 September 2021, the Digital Duties Form will allow for applications with the Capital city Zone relief to settle via PEXA as a complex ELNO lodgement.
New residential properties with a dutiable value of up to $1 million that is located in the Capital City Zone but outside the Melbourne LGA may be eligible for temporary land transfer (stamp) duty relief:
New residential properties: 50% relief of the duty otherwise payable is available for new residential properties. This 50% relief applies to contracts entered into from 1 July 2021 to 30 June 2022. It applies after all other eligible benefits – such as the first home buyer duty concession, the principal place of residence concession (including any off-the-plan concession), and the pensioner concession – have been taken into account.
New residential properties that have remained unsold for 12 months or more: 100% relief of the duty payable is available for new residential properties that have remained unsold for 12 months or more since completion of construction. This relief applies to contracts entered into from 21 May 2021 to 30 June 2022.
For more information regarding the eligibility of these budget announcements, please refer to the SRO website.
... View more
From 7 June 2021, you wont need to add the principal place of residence (PPR) concession separately if your client is also claiming one of the following three duty concessions in relation to a primary residence (excluding off-the-plan transactions):
first home duty concession, or
spouse/domestic partner exemptions.
In flight Digital Duties Forms.
To ensure a smooth transition and avoid the need for a form to be edited, the SRO is encouraging Duties Online users to:
sign all digital forms before Friday 4 June 2021 , or
delay creating new forms until after Monday 7 June 2021.
This means that:
forms signed before 7 June 2021 will not need to be unsigned and can be linked to an ELNO lodgement as normal, and for
forms ready to be signed or in progress before 7 June 2021, the transferee will be automatically prompted to review and answer any additional eligibility questions before signing.
More information about the enhancements are available on the SRO website.
... View more
Processing lodgements eligible for the duty waiver A significant land transfer duty waiver applies to the purchase of a new or established Victorian residential property with a dutiable value of up to $1 million, where a contract is signed on or after 25 November 2020 and before 1 July 2021. From Monday 21 December 2020, Duties Online (DOL) and the Digital Duties Form will automatically incorporate this waiver calculation when processing eligible property transactions in our system. Forms created on or after this date will proceed through the system as standard to claim the relief. However, forms signed before 21 December 2020 with a contract date or transfer date on or after 25 November 2020 will need to be unsigned in order to complete an additional eligibility question. This includes transfers of residential private dwellings, residential vacant land, and residential and commercial mixed use land. Please refer to the following in flight scenarios when linking a digital form to an ELNO lodgement. Digital forms signed or in progress · Forms signed before 21 December 2020 will need to be unsigned in order to amend the transferee's form to answer the additional eligibility question. · For forms ready to be signed or in progress before 21 December 2020, you will be automatically prompted to review and answer the additional eligibility question before signing. ELNO lodgements submitted or claimed · Complex lodgements submitted before 21 December 2020 will be processed as a priority. · For lodgements claimed before 21 December 2020 as a ELNO Lodgment but not finalised, please unlink and unsign the form in order to answer the additional question.
For further information please refer to the SRO website.
... View more
The Victorian Budget 2020-21 announcement on 24 November 2020, included significant duty relief for some eligible residential property purchases. A duty waiver of 50% for new residential properties, and 25% for existing residential properties will be available for purchases with a consideration of up to $1 million, where a contract is entered into between 25 November 2020 and 30 June 2021.
The SRO is currently enhancing Duties Online (DOL) and the Digital Duties Form (DDF) to incorporate the new tax relief, allowing it to be processed as a DOL system assessed transaction.
While this enhancement is being progressed, there may be residential property purchases that are eligible for this relief (contract of sale signed or, transfer, if there is no contract, dated on or after 25 November 2020) which will settle before the enhancement has been made in DOL. The SRO will endeavour to process these land transfer relief lodgements as a priority, to ensure that the intended settlement date can be met. If a residential property purchase (contract of sale signed or transfer dated on or after 25 November 2020, with a consideration of up to $1 million) is not due to settle in the next few weeks, then it is advisable to not commence the Duties Lodgement until the system enhancement is released in December.
Please check the SRO website regularly for further announcements and details regarding this initiative.
... View more
Over the coming weeks RevenueSA will be undertaking annual housekeeping and upgrading its core IT systems that administer payroll tax, land tax and the emergency services levy.
Whilst RevenueSA ordinarily has a significant outage to accommodate the updating of data in preparation for the new financial year, due to the implementation of considerable system changes for a number of initiatives, the outage this year will be longer than usual.
To undertake these changes a system upgrade will be occurring from 5:00 pm Tuesday, 30 June 2020 to 8:00 am Monday 6 July 2020. During this period you will not be able to:
request, pay or update certificates of land tax and emergency services levy: or
lodge payroll tax return;
through RevenueSA Online. Please see the RevenueSA website for more information.
Whilst every effort has been made to minimise the impact to users of RevenueSA's online services, RevenueSA Online will be unavailable for some functions during the upgrade.
RevenueSA apologises for any inconvenience.
Note: This outage will not affect your ability to settle electronically.
... View more
From Monday 22 June 2020, assessing land transfers in Duties Online will be quicker and easier than ever before. With data from the Digital Duties Form pre-populating in Duties Online, the SRO is reducing the current seven step process to a single step. Once the Digital Duties Form is linked to your lodgement, you will simply select ‘Calculate duty’ to obtain an estimate and duty verification. Duties Online will also be able to instantly assess the duty on another 10 types of complex lodgements, meaning you no longer have to submit the following lodgements for an assessment of duty 30 days before the scheduled settlement:
More than two transferees – pensioner
More than two transferees – change in manner of holding
More than two transferees – foreign purchaser additional duty exemption
Sub sales related (contract of sale between related parties)
Related parties transactions with concessions
Unrelated parties (no contract of sale)
Multiple property types in the same transfer
Principal place of residence applied where there are multiple properties (Complex transactions only)
For the remaining complex lodgements the SRO has removed five steps in Duties Online.
Once the Digital Duties Form is linked, simply upload supporting documentation and submit your lodgement at least 30 days before the scheduled settlement.
For further details including free training please see the SRO website.
... View more
If you are dealing with an associated land title such as the Property and Car space or Storage unit where both land titles are calculated as one Property, the land title address for the land title references must be identical to be able to enter one property sale price for both land titles in the Notice of Acquisition.
To update the address, please follow the steps below:
1. Navigate to the Land titles page 2. Select Edit address for the affected land title reference 3. Select Copy address from and Select the primary address 4. Repeat the same step for the Primary land title reference
Then complete the required information in the Notice of Acquisition via Documents page to finalise the changes - you will see that only 1 property is now listed in the NOA covering both titles.
If you need assistance at all please reach out to our Support Team on 1300 084 515.
... View more
The Duties branch of Revenue NSW has announced its plans for maintaining services during the current COVID-19 pandemic situation.
Revenue NSW - Duties & Business Continuity | COVID-19 Update
COVID-19 is a rapidly evolving situation and Revenue NSW has been actively preparing its business continuity plan. Our priority is to ensure the safety of employees, customers and stakeholders while maintaining effective business operations to support conveyancing.
Revenue NSW systems and staff play a critical role in the conveyancing process. Business continuity plans include our business support and IT Service Delivery teams working flexibly, minimising disruptions to you and your clients.
Minimising the impact to you and your clients
In the event of the COVID-19 situation evolving, we will be activating our business continuity plans. Matters lodged to Revenue NSW via mail (paper channel) will experience processing delays.
To minimise this disruption to you and your clients we recommend conveyancing and legal professionals register for, and utilise, the eDuties portal to lodge matters that can’t be processed via Electronic Duties Return (EDR).
eDuties is an online portal that allows real time, secure, digital lodgement of Duties matters with Revenue NSW. We currently have over 2000 registered users lodging complex assessments and refund applications via this service.
Click here for more information on eDuties and how to register.
Click here for more information on EDR and how to register.
For further enquiries contact Revenue NSW.
... View more
Businesses, families, and individuals in bushfire affected communities will get immediate tax relief in the form of land transfer duty savings, motor vehicle duty relief and land tax relief, with local people at the heart of the recovery and rebuilding efforts.
The Government understands that recovery and rebuilding efforts need to be driven by local people. Each council will set up a Bushfire Recovery Directorate for twelve months to oversee bushfire recovery, focusing on rebuilding and planning, economic development, support for the farming and primary production sectors, and the ongoing well-being of community members.
Please see the following announcement from the Premier for further information. For tax relief details please see the State Revenue Office website.
... View more