NSW Stamp Duty Exemption

NSW Stamp Duty Exemption

This declaration covers policies effected or renewed during the current financial year ending 30th June. I hereby declare that I am a Capital Gains Tax small business entity (within the meaning of section 152-10 (1AA) of the Income Tax Assessment Act 1997 of the commonwealth).

I am a small business individual / partnership/ company and/ or trust, which is carrying on a business, and the business has an aggregated turnover of less than $2 million*.

* Aggregated turnover is your Australia wide annual turnover plus the annual turnover of any business entities that are your affiliates or are connected with you. A fraudulent declaration may invalidate your insurance contract penalties up to $11,000 by Revenue NSW plus the insurance duty not paid and penal interest.

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NSW Small Business Stamp Duty Exemption Declaration

To whom it may concern,

I hereby declare that will be a Capital Gains Tax small business entity (within the meaning of section 152-10 (1AA) of the Income Tax Assessment Act 1997 of the Commonwealth).

… is a small business (Individual, Partnership, Company or trust), which is carrying on a business, and has an aggregated turnover of less than $2 million.

This declaration covers policies effected or renewed during the year ended 30 June ….

I declare the above as the Insured or if not the Insured, do so with the authorisation of the Insured to declare on their behalf.

Yours faithfully

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