Michelle Bennett and Gary Chiert provide an analysis of the tax measures contained in the 2016 NSW State Budget.
The New South Wales (NSW) Budget released yesterday confirms a number of already announced tax measures to take effect for the 2016/17 year:
The new foreign resident measures will also limit access to off-the-plan duty deferral concessions to residents only, bringing forward revenue on affected transactions in a one off benefit to the Revenue.
Abolition of the current Emergency Services Levy on insurance in favour of an Emergency Services Property Levy from 2017 will also bring NSW in line with other mainland states.
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