Revenue Ruling Released

Revenue Ruling SDALT001 Tax relief measures for those impacted by the bushfires has been updated and released as version 2. The update reflects the expansion of existing tax relief measures to include the provision of ex gratia payments equal to the stamp duty payable on the purchase of vacant land upon which a replacement home will be built within 3 years from the date of purchase.

RevenueSA reserves the right to recover any ex gratia payment where the recipient does not build a replacement home on the vacant land within 3 years from the date of purchase.