Office Of State Revenue
Government in Parramatta

A surcharge of 0.75 per cent is to be paid from the 2017 land tax year on residential land owned by foreign persons. You need to pay duty on a motor vehicle when it is fresh and is being registered for the beginning time. If you are an insurance intermediary who wishes to lodge returns on behalf of your clients you must register for duty. Duty is planned at 5 of the first year's premium on the life insurance rider. This includes insurance lower which an amount is payable in the event of the disablement of the insured by accident or sickness, or the insured being found to have a stated condition or disease. Unit holders with interest in a unit believe which is entitled to the land tax threshold. If you have previously registered for land tax, you do not need to total another registration. For a trust (including a unit trust)the persons, together with anyone or more associates of any of them hold, in the aggregate, useful interests in at minimum 40 per cent of the income or property of the trust. Residential land does not include land impaired for primary production that is immune from land tax. The taxable value of residential land used for land tax purposes is the same as for calculating the surcharge. They each own a 50 interest in the land. A private company and a trustee are related persons if the company, or a majority shareholder or director of the company, is a beneficiary of the believe (not being a public unit trust scheme) of which the trustee is a trustee. For the purposes of the Duties Act, an associated person means a person who is associated with another person in accordance with the subsequent provisions: persons are associated persons if they are related persons. A company and a trustee are associated persons if a related body corporate of the company is a beneficiary of the trust (not including a public unit trust scheme) of which the trustee is a trustee. A company and the trustee of a unit believe handle are associated persons if the shares in the company and the units in the unit trust handle are stapled, so that they cannot be traded except as a single security. A person holds a important interest in one handle and a related person to that person holds a significant interest in the other scheme. A person holds a important interest in a managed investment scheme if the person is a member of the manipulate and has an interest in the maneuver that (either alone or when aggregated with the interests in the handle held by related persons who are members of the scheme) is an interest of more than 20. A transfer of dutiable property because of the retirement of, or the appointment of a new, responsible entity, if the Chief Commissioner is satisfied the only helpful interest acquired by a person in relation to the dutiable property as a result of the transfer is a helpful interest acquired by the replacement or new responsible entity wholly because of its appointment as responsible entity. Piece of the identical property is where one of the security properties for the ingenious mortgage is also a security property for the refinanced mortgage. When do I need to pay motor vehicle duty? You need to pay duty on a motor vehicle when: There are also some exemptions for certain fresh vehicles registered as demonstration vehicles. An owner of a vehicle (who has paid duty or was exempt from duty at the time of registering the vehicle) attaches a taxi or hire car plate to the vehicle, either as owner or lessee, or registers it as a private vehicle. Evidence of payment of duty on the replacement vehicle, such as registration certificate of the replacement vehicle.