Breakdown of Marriage and (a) the transferor and transferee: Domestic Relationships are both parties to the Transferor(s) must be – Exemption breakdown in marriage or Individual- Natural Person domestic relationship and; (s) (c) no other person takes or is entitled to take an interest in the property s56 Transferee(s) must be Transfers of farm to relative(s ) Individual Natural – s56 between natural persons Person (s) Transfers of farm to relative(s ) – Exemption *DOL only allows transfers this Transferor(s) must be section that are between natural Individual -Natural Peron persons. (s) the land purchased is Contract Date must be on intended to be occupied as a or after 1 October 2008 principal place of residence (PPR) s57H-I, s57J S57JA – by at least one transferee. Sale must be for the unencumbered Market Principal of Residence (PPR)– Concession and/or First First Home Buyer Duty reduction Home Buyer Duty Reduction applies for unrelated party No sale of: (FHBDR) transactions for which Water Entitlement Business Contracts for EXISTING Land Use Entitlement HOMES entered into and settled after 1/7/2013 Transferee (s) must be Individual Natural – Contracts for Person(s) CONSTRUCTED HOMES entered into and settled Between unrelated parties after 1/7/2013 provided only that applicant supplied a valid FHOG UIN s58-60 Transferee is an eligible pensioner Contract Date must be on where the contract of sale is or after 1 July 2011 entered into on or after 1 July 2011 Sale must be for the Eligible Pensioner - Concession between un-related vendor and unencumbered Market or Exemption purchaser/transferee value No sale of: Entitlement Business Land Use Entitlement Maximum of Two Transferee (s) only Residential Property type only (Dwelling) Transferee (s) must be Individual Natural – Person(s) Between unrelated parties only S41 Transfer a property to a trustee of Consideration must be nil superannuation Fund by the Transferor must be a Transfer to a Superannuation member of the fund for no natural person fund consideration
Breakdown of Marriage and Domestic Relationships – Exemption (a) the transferor and transferee: are both parties to the breakdown in marriage or domestic relationship and; (c) no other person takes or is entitled to take an interest in the property Transferor(s) must be Individual- Natural Person (s) s56 Transfers of farm to relative(s ) – Exemption s56 Transfers of farm to relative(s ) between natural persons *DOL only allows transfers this section that are between natural persons. Transferee(s) must be Individual – Natural Person (s) Transferor(s) must be Individual -Natural Peron (s) s57H-I, s57J – S57JA Principal of Residence (PPR)– Concession and/or First Home Buyer Duty Reduction (FHBDR) the land purchased is intended to be occupied as a principal place of residence (PPR) by at least one transferee. First Home Buyer Duty reduction applies for unrelated party transactions for which Contracts for EXISTING HOMES entered into and settled after 1/7/2013 Contracts for CONSTRUCTED HOMES entered into and settled after 1/7/2013 provided that applicant supplied a valid FHOG UIN Contract Date must be on or after 1 October 2008 Sale must be for the unencumbered Market No sale of: Water Entitlement Business Land Use Entitlement Transferee (s) must be Individual – Natural Person(s) Between unrelated parties only s58-60 Eligible Pensioner - Concession or Exemption Transferee is an eligible pensioner where the contract of sale is entered into on or after 1 July 2011 between un-related vendor and purchaser/transferee Contract Date must be on or after 1 July 2011 Sale must be for the unencumbered Market value No sale of: Entitlement Business Land Use Entitlement Maximum of Two Transferee (s) only Residential Property type only (Dwelling) Transferee (s) must be Individual – Natural Person(s) Between unrelated parties only S41 Transfer to a Superannuation fund Transfer a property to a trustee of superannuation Fund by the member of the fund for no consideration Consideration must be nil Transferor must be a natural person
Duties%20Online%20User%20Guide%20-%20Oct%2014_0.docx