Land sold initially to a financial institution and a natural person and then leased to natural person
Channel: SRO Email Lodgement
Section: s57 A 1(a) & (b)
Lodgement category: Unrelated transfers with concession
Transaction
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.
Lodgement
Lodge after settlement by emailing us at electroniclodgement@sro.vic.gov.au.