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Family Farms and Managing the Estate Plan

It is not uncommon for a son or daughter to have been involved in the family farming business for many years, working alongside their parents. Unfortunately, it is all too common that succession planning or the exit strategy of the parents from the farming business has not been discussed. Section 274 of the Duties Act 1997 (NSW) provides that there is no transfer duty (stamp duty) for the transfer of land used for primary production if it is between family members. There are a number of things ...

April 29, 2019 Posts 1-1 of 1 | Page

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