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READ MORENSW extends stamp duty exemptions for farmers
The NSW government has passed new laws that will see stamp duty exemptions extended on the transfer of primary production land to a company directed by a family member.
Previously, NSW duties concessions allowed for family farm transfers to be exempt from stamp duty when the transfer of the primary product land was between family members. This aimed to support the retirement of older members of a family by passing the land on to a younger generation stamp duty-free.
Read more at The Adviser
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