Bankruptcies and administrations - exemption
Channel: Duties Online Complex Transaction
Section: s48 (c)
Lodgement category: Bankruptcy matters
Transaction
A transfer of dutiable property for no consideration to a former bankrupt from the estate of the former bankrupt.
Evidence
- Digital Duties Form.
- A statutory declaration by the trustee in bankruptcy stating all of the following:
- Whether the transferee is the former bankrupt.
- Whether any consideration was paid for the transfer.
- Whether any consideration expressed was for the purpose of discharging the bankrupt or for the purchase of the property.
- Any documentary evidence in support of the above.
Lodgement
Lodge 30 days prior to settlement as a complex transaction via the 'Retrieve & Claim ELNO Lodgement (Electronic Transfer)' queue in Duties Online.