Land sold initially to a financial institution and a natural person and then leased to natural person
Sections:
s57 A 1(a) & (b)
Lodgement category:
Unrelated transfers with concession
Circumstances/Transactions:
A transfer from a third party to a financial institution and a natural person as co-owners, and then the financial institution leases its interest in the land to the natural person for a fixed term (the first transaction).
The first transaction is dutiable.
Evidence:
- Digital Duties Form.
- The transfer to the financial institution.
- The lease between the financial institution and the natural person.
- The original or full copy of the contract of sale between the third party and the financial institution.
Lodge documents after settlement directly with the State Revenue Office
Lodge documents after settlement directly with the State Revenue Office
Last modified: 18 January 2024