The Stamp Duties (Off-The-Plan Apartments) Amendment Bill 2014 (SA) has passed all stages of the SA Parliament without amendment and awaits Assent.
It amends the Stamp Duties Act 1923 (SA) to extend the stamp duty concession for apartments bought off-the-plan to include a defined inner metropolitan area. The extended off-the-plan stamp duty concession applies to eligible off-the-plan contracts from 28 October 2013. The SA Government notes that applications for stamp duty concessions on eligible off-the-plan apartments within the expanded boundary area are currently being submitted to RevenueSA to be paid by way of ex gratia payment until the Stamp Duties (Off-The-Plan Apartments) Amendment Bill 2014 comes into operation.
Further details are available on the RevenueSA website.
[LTN 53, 19/3/15]
SA: Stamp Duties (Off-The-Plan Apartments) Amendment Bill receives Royal Assent
The Stamp Duties (Off-The-Plan Apartments) Amendment Bill 2014 (SA) on 26 March 2015 received Assent as the Stamp Duties (Off-the-plan Apartments) Amendment Act 2015, Act No 2 of 2015.
[LTN 61, 31/3/15] [IT 30/3/15]