RevenueSA has issued Revenue Ruling SDA008 (Retrospective amendments to s 60A(1) of the Stamp Duties Act 1923 (SA)). RevenueSA has advised that the SA Government will introduce retrospective amendments to s 60A(1) to confirm and reflect RevenueSA’s “long-standing interpretation of this section”. That is, that the “date of the sale” is the date the property in question is conveyed or transferred. The Ruling took effect on Tue 17.12.2013.
[LTN 245, 18/12/13]