Economic entitlements

Circumstances/Transactions:

If a person enters into an arrangement in relation to land under which the person is or will be entitled (directly or through another person) to an economic entitlement in relation to the land, that person is taken to have obtained beneficial ownership in the land in proportion to the economic entitlement obtained.

Evidence:

All contracts and agreements surrounding development and the interest of the parties.

Valuation of the land showing the unencumbered value as at the time the economic entitlement is acquired.

Digital Duties Form (Change of Beneficial ownership).

For more information, refer to Economic entitlements — frequently asked questions