Major changes are being made to the New South Wales stamp duty tax, outlined in a new bill.

Changes in beneficial ownership

The new bill proposes to insert a ‘catch-call’ provision, whereby duty will arise on a transaction that results in a change in beneficial ownership of a dutiable property, other than an ‘excluded transaction’.

An ‘excluded transaction’ that results in a change in beneficial ownership will still be dutiable if it is part of ...