Recently Penmans have been instructed in a number of matters where a client has received a Notice of Investigation from Revenue New South Wales following their purchase of a residential property.

These investigations relate to the imposition of surcharge purchaser duty pursuant to the Duties Act 1997 in relation to foreign persons.

This correspondence informs the client that they may be liable for significant extra transfer duty and often penalties and interest. This correspondence can be quite disturbing to receive.

Penmans are well versed in the handling of claims against solicitors or conveyancers arising from a failure to advise at the time the conveyancing matter was conducted about the imposition of surcharge transfer duty for foreign persons. Penmans have successfully negotiated settlements with both Lawcover and the insurer for licensed conveyancers.

We understand that receiving a letter from Revenue New South Wales of this nature is very stressful.

If this has happened to you we encourage you to complete our contact form and let us know that you have received a letter from Revenue New South Wales in respect of surcharge transfer duty. A member of our disputes team will be in contact with you to discuss your options.