Urgent Update for Discretionary Trusts

⛔️ URGENT UPDATE ⛔️ - Anyone with a discretionary or family trust which owns land - Surcharge duty may be applicable from 31 December 2019 unless the deed is updated to exclude foreign beneficiaries.

For more information see the link below or contact Richard Morris, Greg Moin or Cameron Cowley on 02 6772 4899.

https://www.revenue.nsw.gov.au/news-media-releases/surcharge-land-tax-on-discretionary-trusts