--- title: 15 December 2020 - All NSW Discretionary Trusts need to Upgrade by 31 December description: Surcharge purchaser duty applies to acquisitions of NSW residential land by foreign persons, and surcharge land tax applies to foreign persons who are owners of residential land in NSW. Surcharge purc --- [Skip to content](https://info.lightyeardocs.com.au/supportcentre/hc/en-us/articles/1500000388962-december-15-2020-all-nsw-discretionary-trusts-need-to-upgrade-by-31-december#main-content) English Show submenu for translations [![Asset 46@4x](https://info.lightyeardocs.com.au/hs-fs/hubfs/Asset%2046@4x.png?width=273&height=50&name=Asset%2046@4x.png)](https://www.lightyeardocs.com.au/) Open main navigation Close main navigation - English Show submenu for translations Your Gateway to Growth and Achievement! - There are no suggestions because the search field is empty. 1. [Success Hub](https://info.lightyeardocs.com.au/supportcentre?hsLang=en) 2. 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Beneficiaries include potential beneficiaries as the Commissioner’s Practice Note on section 104JA of the Duties Act 1997 and section 5D of the Land Tax Act 1956 points out in the following example: Example 1 Mr and Mrs Jones (both Australian citizens) are primary beneficiaries of the Jones Family Trust. Other primary beneficiaries include their two children Mark and Peter who are under the age of 10. The trust has potential beneficiaries who include future spouses and children of Mark and Peter and no other potential beneficiaries. The trust has no existing foreign beneficiaries, but future spouses and children of Mark and Peter could be foreign persons. The trustee is taken to be a foreign person. To be exempt from foreign surcharges, the trust must be amended to exclude any foreign beneficiaries and the amendment must be irrevocable.   [Foreign Surcharges and Discretionary Trusts](https://info.lightyeardocs.com.au/hubfs/revenue.nsw.gov.au-Foreign%20surcharges%20and%20discretionary%20trusts%20(1).pdf?hsLang=en) [Non Foreign Persons Discretionary Trust](https://info.lightyeardocs.com.au/hubfs/Non%20foreign%20persons%20discretionary%20trust.pdf?hsLang=en) [Foreign Ownership Surcharge Revenue](https://info.lightyeardocs.com.au/hubfs/Foreign%20Ownership%20Surcharge%20-%20RevenueSA.pdf?hsLang=en) [Land Tax Online](https://info.lightyeardocs.com.au/hubfs/revenue.nsw.gov.au-Land%20tax%20online.pdf?hsLang=en)   - [API Integrations](https://info.lightyeardocs.com.au/supportcentre/api-integrations?hsLang=en#main-content) - [Simple Fund 360](https://info.lightyeardocs.com.au/supportcentre/api-integrations?hsLang=en#simple-fund-360) - [BGL CAS 360](https://info.lightyeardocs.com.au/supportcentre/api-integrations?hsLang=en#bgl-cas-360) - 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