Practice4Sale Blog (Page 24)

The NSW State Government had planned to abolish mortgage duty on business transaction by July 1, 2012. However, at yesterday's budget announcement this has now been deferred until 2013. If you're buying or selling a business in NSW, it is important that you speak to your solicitor and/or adviser about how the changes are likely to impact you.

There are two forms of return from business ownership – net income (what you earn every year) and wealth (creating long-term value).