Hi All,
Recently I came across with a new ruling published by NSW revenue regarding preparation of Acknowledgement of trust/declaration of trust. The new ruling says that there will be stamp duty on preparing any declaration of trust or acknowledgment of trust to nominate the corporate trustee or individual trustees to handle the assets and liabilities on behalf of the Fund. Can anyone advise if the information is correct?
Thank you
Regards,
Kylie
Hi Kylie
From the NSW government refer:
Yes, different states in Australian have different rules re the stamping of a bare trust deed.
If members would like to have a training session on stamping requirements of different states please let the SMSF AAA know.
Thanks
SMSF AAA