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.

NSW Small Business Stamp Duty Exemption Declaration

To whom it may concern,

Who Qualifies for the NSW Insurance Duty Exemption?

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.

Which Insurance Policies May Be Exempt?

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

How to Claim the NSW Insurance Duty Exemption

I declare the above as the Insured.

Yours faithfully