Interests and acquisitions
Learn what an interest is and how acquisitions can occur.
Key information
An interest in a landholder is an entitlement to a distribution of property from a landholder on a winding up of the landholder.
How an interest can be acquired
An interest in a landholder can be acquired by any means, regardless of how it is obtained or may have increased.
This can occur as a result of:
- the purchase, gift, allotment, issue, cancellation, redemption or surrender of a unit or share
- the abrogation or alteration of rights pertaining to a unit or share
- the payment of an amount owing on a unit or share
- a change in the beneficial ownership of a unit or share.
For more information about acquisitions of interests in a landholder, refer to:
- sections 79 and 80 of the Duties Act 2000
- Revenue Ruling DA-056v2 – Acquisitions of interests in a landholder (landholder provisions).