Could a transaction be subject to duty twice?

A recent NSW decision shows how landholder duty can arise in addition to duty already paid on the acquisition of land, simply because of how and when transaction steps occur.

The case highlights the importance of carefully reviewing transaction structures, timing and historical dealings before proceeding with a transaction or seeking a ruling from Revenue NSW.

Read the full article to understand the key lessons from Ivo Holdings and how they may affect future transactions.

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