Land sold initially to financial institution and natural person and then leased to natural person
Channel: SRO
Section: s57 A 1(c) & (2)
Lodgement category: Unrelated transfers with concession
Circumstances/Transactions
At the end of the fixed term the land is transferred to the natural person (the second transaction).
The second transaction is exempt.
Evidence
- Digital Duties Form.
- The transfer from the financial institution to the natural person.
- The duly stamped transfer to the financial institution and natural person.
- The lease between the financial institution and the natural person.
When to lodge
Lodge documents after settlement directly with the State Revenue Office
Log in to Duties Online