2021 NSW Foreign Surcharge Duty Webinar

From 21.06.2021 1:00 pm until 21.06.2021 2:00 pm

At Level 22 Chambers via Webinar

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This is a Webinar only event

Revenue NSW’s recent compliance activities for historical and current residential conveyances highlight the risk of undisclosed and unforeseen liabilities to foreign surcharge purchaser duty, leaving disgruntled clients pointing the finger at their advisers.

This webinar examines how to detect and advise clients properly on foreign surcharge liabilities, including:

  • Key points on the current foreign surcharge framework in NSW
    – Who is a “foreign person”
    – What is “residential land”
    – Navigating the transitional provisions and exemptions
  • Getting the due diligence right from the start
  • Key traps to watch out for
  • Your clients receive a compliance letter asserting they are liable to foreign surcharges on a conveyance you have acted in – what happens next?
    – Remission of penalty tax and interest
    – Professional indemnity issues