Abolished taxes and duties
The following taxes and duties are abolished.
Accommodation levy was abolished on 1 July 2000.
Debits tax was abolished in New South Wales (NSW) on 1 January 2002.
Financial institutions duty
Financial institutions duty (FID).
Hire of goods duty
Hire of goods duty was abolished in NSW on 1 July 2007.
Insurance protection tax
Insurance protection tax was abolished on 1 July 2011.
Duty was abolished on lease instruments executed on or after 1 January 2008. Stamping is still required if the document falls under one of the following categories:
A lease or agreement for lease in respect of which a premium is paid or agreed to be paid (not including any premium paid or payable for a lease of premises in a retirement village within the meaning of section 5 of the Retirement Villages Act 1999)
A lease entered into pursuant to an option if an amount is paid or payable for the grant of the option
A transfer or assignment of lease
A surrender of lease.
Marketable securities duty
Duty on transfers of marketable securities and commercial fishery shares is abolished from 1 July 2016.
Duty on quoted marketable securities was abolished on 1 July 2001.
Mortgage duty is abolished from 1 July 2016.
Duty on mortgages for the purpose of investment housing was abolished on 1 July 2008. Borrowers must be natural persons.
Duty on mortgages for the purpose of owner occupied housing was abolished on 1 September 2007. Borrowers must be natural persons.
Duty is abolished on transfers of statutory licences or permissions, and gaming machine entitlements from 1 July 2016.
Transfer of land or business duty
Duty on transfers of business assests is abolished from 1 July 2016.
Vendor duty was abolished in NSW on 2 August 2005.