From 1 July 2016, the transfer of marketable securities, being shares and units transactions will no longer be subject to stamp duty in New South Wales (outside of the Landholder provisions). Despite this deadline, many remain sceptical as to whether the State Government will step in at the final hour and once again defer the deadline as has been the case on a number of occasions previously.
Whilst dutiable transactions, where possible, are being delayed until after 1 July, it is important to bear in mind that anti-avoidance provisions are in place and caution should be exercised. For example, the exercise of an option after 30 June 2016 (where the option was granted before 1 July 2016) will remain dutiable. Further, as stated above, transfers and other transactions involving landholders, will remain subject to duty in NSW.