Is there stamp duty on the sale of a business in NSW?

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‘When you buy a business in NSW, you must pay transfer duty if the sale includes land or an interest in land, such as a lease… Transfer duty is due three months after you sign the business sale agreement.’ Revenue NSW.  The transfer duty, or sometimes known as stamp duty, can apply to assets used to run the business such as; equipment and computers. It can also apply to shares and property. There is a helpful Transfer Duty Calculator available by Revenue NSW that will help you estimate the amount of duty you need to pay to transfer a business in NSW. It's important to seek professional advice when buying a business, especially an accountant who will help you understand your tax obligations. 

Tags: nsw

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