2011 State budget
The NSW Treasurer, the Hon. (Mike) Michael Bruce BAIRD, MP announced the following changes to State taxes and duties as part of the 2011 State Budget:
First Home New Home
From 1 January 2012 First Home Plus exemptions and concessions will be replaced by the First Home New Home Scheme.
The amendments provide that an agreement or transfer will only be eligible for the concession or exemption if it is for the acquisition of a new home or vacant land intended to be used as the site for a new home.
From 1 January 2012 a Payroll Tax rebate will be paid to businesses which employ new employees with a disability.
Eligible employers may claim a rebate of $4,000 for each new qualifying employee.
Note: Information relating to the rebate will be available on OSR’s website once the details are finalised.