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Our legal experts will keep you up to date on all relevant and current developments.

NSW Property Update - June 2022: Land Tax; First Home Buyer Choice; Shared Equity Scheme

On 21 June the New South Wales (NSW) Treasurer, the Hon. Matt Kean MP, announced a range of property-related as part of the 2022-2023 State Budget on 21 June 2022.  

These include:

  • NSW Land Tax
  • First Home Buyer Choice
  • Shared Equity Scheme

Click through for an overview of these new measures, and how they are likely to impact you.


Key Stamp Duty Changes for Grant of a Put Option and/or Call Option Have Commenced

Revenue NSW has announced the following:

“From 19 May 2022, section 8(1)(b)(ix) of the Duties Act 1997 introduced duty on certain transactions that result in a change in beneficial ownership.

A put option and/or call option granted over dutiable property in NSW (such as over land or an interest in land) is a ‘change in beneficial ownership’. This means that duty is payable on any grant fee paid for a put and/or call option entered into from this date.

Click through to read more...


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