The Stamp Duties (Off-The-Plan Apartments) Amendment Bill 2014 (SA) was recently introduced into the SA House of Assembly.
It proposes to amend 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 216, 7/11/14]
Passes Lower House
The Stamp Duties (Off-The-Plan Apartments) Amendment Bill 2014 (SA) has passed the SA House of Assembly without amendment.
[LTN 225, 20/11/14]