Land sold initially to a financial institution and then leased to a natural person
Channel: SRO
Section: s57 C (1)(d) & (2)
Lodgement category: Unrelated transfers with concession
Circumstances/Transactions
At the end of the fixed term agreed to between the parties, the natural person exercises their option to purchase the property and the financial institution transfers the property to the natural person (the third transaction).
The third transaction is exempt.
Evidence
- Digital Duties Form.
- A copy of the duly stamped transfer to the financial institution.
- The lease agreement containing the option for the natural person to purchase the property.
- Evidence that the natural person has exercised the option.
When to lodge
Lodge documents after settlement directly with the State Revenue Office
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