For every purchase of land in New South Wales, the Office of State Revenue (‘OSR’) requires that a Purchaser Declaration Form be completed by the purchaser. Information collected through this form is used to report on taxation matters and in particular to foreigners purchasers of land who have to pay surcharge duty and land tax.
Note:It is required that this form be sworn/affirmed in front of a Justice of the Peace. While it is possible for this form to be signed by both the Declarant and the Justice of the Peace online (e.g. if both persons are in front of a computer where the online form is being filled-in and mark their respective signatures electronically), it may be more convenient to complete the form, print it off on paper and take it to Justice of the Peace to witness you sign.
The law is changing. Is your lawyer?
Like every other industry, the legal services market is changing, evolving and improving to better meet the needs of consumers in a digital age. Gone are the days of crusty lawyers on mahogany desks pretending a contract for the sale of land is the magna carta. Contracts are standardised, transactions happen at light speed and settlements are electronic. If you want a law firm to represent you who embraces this reality then Dott & Crossitt Solicitors Richmond, Sydney CBD & Mudgee are for you!