Mortgage duty is set to be abolished on 1 July 2012. New South Wales is the only Australian state yet to abolish the tax on secured lending arrangements.
Mortgage duty was originally scheduled to be abolished in NSW on 1 January 2011 in return for the state government’s share of GST revenue, but in 2007 the NSW Treasurer, The Hon. Michael Costa MLC announced measures to bring forward the abolition to 1 July 2009. That date was embedded into the Duties Act by amending legislation. However, in November 2008, the NSW Treasurer The Hon. Eric Roozendaal MLC released a mini budget announcing that the abolition of mortgage duty would be deferred until 1 July 2012. The Duties Act was then amended to state unequivocally that mortgage duty is abolished on and from 1 July 2012. More…
Today, I had the pleasure of sitting in on a webinar presentation from my friends
Welcome to ILN-terviews, a series of profiles of ILN member firm attorneys, designed to give a unique insight into the lawyers who make up our Network. For our latest interview, we chose ILN member, Bill Milani of our member firm,
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Fladgate LLP is an innovative, progressive and thriving law firm located in central London. The firm’s 47 partners and 60 additional fee earners provide a wide range of legal services for a portfolio of prestigious clients in the UK and overseas.
An international perspective
The firm provides a proactive and efficient service for clients with international business through specialist groups which serve continental Europe (with an emphasis on the Germanic countries), Israel, India, the US, the Gulf States and the wider Middle East. Operating from London and comprising multi-lingual and multi-qualified lawyers these groups facilitate cross-border activities for a diverse range of companies. More…
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