Notice of trust acquisition of an interest in land
LTX-Trust-08
What is the purpose of this form?
This form must be lodged with the State Revenue Office (SRO) when a trustee/s acquires land in Victoria on trust (section 46K of the Land Tax Act 2005). This notification must be made within one month of acquisition.
Who can complete this form?
This form must be completed by the trustee, or a representative of the trustee (e.g. agent, solicitor), on behalf of all parties to the acquisition of the land. This form will accommodate multiple trusts being parties to the one transaction.
If more than one transaction is involved, multiple forms will be required.
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Old PDF versions of this form are no longer accepted.
Additional information
Trust administration
Provisions within the Land Tax Act 2005 allow for some types of trusts to avoid the trust surcharge rate of tax if they notify us of:
- their exclusion status, or
- the unit holdings of unit holders, or
- the beneficial interest of beneficiaries.
In addition, if the land acquired is used by a beneficiary as their principal place of residence (PPR), trustees of some types of trusts may elect to nominate a PPR Beneficiary. This will impact the way in which the trust is assessed for land tax.
Read more information about the exclusion status and the notification/nomination options for trusts.
