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How to process a sale of business on EDR, including transactions that involve an agreement for sale of land or a deed of assignment of lease.
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Most sale of business transactions can be processed on Electronic Duties Returns (EDR). However, complex assessments must be submitted to Revenue NSW for assessment via eDuties.
The information below provides a step-by-step overview of the document types and required fields for processing in EDR. Each Client Service Provider (CSP) requires the same fields, though the order in which the information is submitted may differ.
enter your matter or file reference. (this unique reference is important to help you locate records if requested by Revenue NSW)
select the relevant document type
complete the following data fields:
1
Transaction details
Document Type: Agreement for Sale of Business
Execution Date: Date of Agreement for Sale of Business
Related parties? Yes/No
2
Party details
Party 1
Party Type: Select Purchaser
Party Name Type: Select Individual, Company or Government - Enter liable party details.
Enter the party details.
Add additional entries until all parties on the sale of business are included in as purchasers.
Party 2
Party Type: Select Vendor
Party Name Type: Select Individual, Company or Government - Enter non-liable party details.
Enter the party details.
Add additional entries until all parties on the sale of business are included in as vendors.
All liable and non-liable parties for the transaction must be entered.
3
Agent contact details
Are you acting as an agent on behalf of another solicitor, conveyancer or accountant? Yes/No
4
Property details
If the sale of business includes a transfer of lease, enter property details of the property on the transfer of lease.
5
Duty calculations
Enter the number of duplicates.
Enter the number of transfers.
Enter the dutiable amount.
6
Submit
Review and submit.
Processing a sale of business with an agreement for sale of land on EDR
If the agreement for sale of business is to be aggregated with an agreement for sale of land, enter the information for the agreement for sale of land first and when asked if the agreement is to be aggregated, select ‘yes’.
To aggregate the sale of business with the agreement for sale of land, the Duties Assessment Number (DAN) for the agreement for sale of land is required.
enter your matter or file reference (this unique reference is important to help you locate records if requested by Revenue NSW)
select the relevant document type
complete the following data fields:
1
Transaction details
Document Type: Surrender / Transfer / Assignment of a Lease
Execution Date: Date of Assignment of Lease
2
Party details
Party 1
Party Type: Select Assignee
Party Name Type: Select Individual, Company or Government - Enter liable party details.
Enter the party details.
Add additional entries until all assignees are entered.
Party 2
Party Type: Select Assignor
Party Name Type: Select Individual, Company or Government - Enter non-liable party details.
Enter the party details.
Add additional entries until all assignors are entered.
All liable and non-liable parties for the transaction must be entered.
3
Agent contract details
Are you acting as an agent on behalf of another solicitor, conveyancer or accountant? Yes/No
4
Property details
Enter property details of the property that is being transferred.
5
Duty calculations
Enter the number of duplicates.
Enter the consideration amount.
6
Submit
Review and submit.
Lodging in eDuties
Transactions identified in this guide that cannot be assessed in EDR must be submitted in eDuties using application type: ‘Business/Asset Sale Agreement’.
The Duties Document Matrix (PDF, 403.7 KB) lists transactions that must be processed through EDR and transactions that must be submitted to Revenue NSW for assessment via eDuties. The matrix also provides links to Duties legislation, evidentiary requirements, website information, forms, and Revenue Rulings.
