Deceased estates - pursuant to a Will - exemption (strictly in accordance)
Channel: Duties Online System Transaction
Section: s42 (1)(a)
Lodgement category: Deceased estate transfers
Transaction
Entitled under a will. A transfer made to a beneficiary strictly in accordance with the terms of the will for no consideration.
Evidence
- Digital Duties Form
- A copy of the grant of probate sealed by the Supreme Court with copy of the will attached.
See Revenue Ruling DA-051 - Transfer of dutiable property from a deceased estate.
Lodgement
Lodge before settlement as a system transaction via the 'Retrieve & Claim ELNO Lodgement (Electronic Transfer)' queue in Duties Online.