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Recorded Webinars

Recorded Webinar: NSW Foreign Surcharge Duty and Land Tax: Is the Regulator on the Warpath?

Revenue NSW’s recent compliance activities demonstrate that it has foreign surcharges firmly in its sights. With its focus on both historical and current residential conveyances, liability for undisclosed and unforeseen liabilities to foreign surcharge purchaser duty can be subst
PRESENTED BY Andrew Rider Barrister - Level 22 Chambers , Sydney

Date/Time

About the Webinar

Revenue NSW’s recent compliance activities demonstrate that it has foreign surcharges firmly in its sights. With its focus on both historical and current residential conveyances, liability for undisclosed and unforeseen liabilities to foreign surcharge purchaser duty can be substantial, and leave disgruntled clients pointing the finger at their advisers. This session examines how to properly detect and advise clients on foreign surcharge liabilities, including:

  • Key points on the current foreign surcharge framework in NSW
    • Who is a “foreign person”
    • What is “residential land”
    • Navigating the transitional provisions and exemptions
  • Getting the due diligence right from the start
  • Key traps to watch out for
  • Your clients receive a compliance letter asserting they are liable to foreign surcharges on a conveyance you have acted in – what happens next?
    • Remission of penalty tax and interest
    • Professional indemnity issues

Presented By

Andrew Rider
Barrister, Level 22 Chambers Sydney, NSW

Andrew Rider is recognised in Doyle’s Guide as a leading Australian tax barrister specialising in tax litigation and dispute resolution.

Andrew also advises on Australia-wide taxes, including stamp duties, land tax and payroll tax.

Prior to coming to the Bar, Andrew was an Associate to Justice Michael Kirby and solicitor.

Andrew lectures in taxation law at the University of Sydney Law School, judges mooting competitions for the University of NSW and previously lectured in taxation law at the University of Technology, Sydney.

Andrew authors the national stamp duty section of the leading online service “Practical Guidance - Property Law” and edits the leading stamp duty publication “Australian Stamp Duties Law”.

Andrew is a Chartered Tax Adviser and examiner with The Tax Institute and member of The Tax Institute/Revenue NSW Liaison Committee and Dispute Resolution Technical Committee. Andrew is also a member of the NCAT Revenue List Consultative Forum.

Who Should Attend?

This webinar is suitable for lawyers practising in property law in NSW and NSW Conveyancers. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Lawyers can claim up to 1 CPD unit/point – substantive law . This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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