Proposals would simplify and broaden stamp duty exemptions for charities and not-for-profit entities
The Northern Territory (NT) budget 2025-2026 includes tax provisions aimed at simplifying and broadening stamp duty exemptions for charities and not-for-profit entities.
Effective July 1, 2025, the NT will remove the 鈥渃ommercial and competitive鈥� restrictions on stamp duty exemptions for charities and not-for-profit entities, meaning these entities will no longer need to prove that acquired property is used solely in a non-commercial or non-competitive manner.
The budget also references the 2025 Commonwealth Grants Commissioner report, which suggests that the NT could increase revenue by AU$79 million annually if it implemented an average state policy on land tax, although no land tax is currently imposed in the NT.
For more information, contact a 乐鱼(Leyu)体育官网 tax professional in Australia:
Candice Wong | candicewong@kpmg.com.au
Tessa Livingston | tlivingston1@kpmg.com.au
Myuri Kuganathan | mkuganathan@kpmg.com.au