If the trustee of your discretionary trust owns residential land in New South Wales and ‘foreign persons’ are not excluded as beneficiaries of the trust, then surcharge purchaser duty (8%) and surcharge land tax (2%) will be payable on residential land in New South Wales. Under the State Revenue Further Amendment Bill 2019 (NSW), the … Continue reading Review your discretionary trust deed now following changes to liability for surcharge purchaser duty and surcharge land tax in New South Wales