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The same legal or professional firms are acting for both parties.
Revenue nsw related parties. Revenue nsw earned record crown revenue of 30 0 billion in 2016 17 to support the state s finances. Revenue for performances other activities incursions visiting performances end of year student functions where residual funds go to school. Aasb 124 related parties. The parties to the transaction are related or associated persons 4 or there is evidence of a broader relationship between the parties or their associates.
Proposed tax reform consultation the nsw government is currently undertaking a public consultation process to seek feedback on this proposal. In the case of an agreement for sale there is no selling agent. Here i ll explain how stamp duty generally works when buying or transferring property from a related party. For more information about the proposed changes visit the nsw treasury website.
Your guide to stamp duty for related parties there is often some confusion about how much stamp duty has to be paid when a person buys a property from someone that they re related to. 420021 income school sport 6300 revenue for sport related activities. Swimming scheme band debating competitions etc.
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