Exchange of properties

Circumstances/Transactions:

Exchange of properties (including transfers of land or land use entitlement), where there is no joint or common ownership of the properties.

Evidence:

Each transfer is dutiable on the full value of the property transferred.

For each of the properties transferred:

1. Any contract of sale or agreement made between the parties.
2. Digital duties form (for all contracts or agreements entered into on or after 1 July 2017).
3. Evidence of the value of the property by:
   1. a letter of appraisal from a licensed real estate agent and a copy of the rate notice, or
   2. a valuation from a certified practising valuer who is a member of the API or by a member of the REIV with sworn valuer accreditation.
4. Copies of the certificate of title.
5. In addition, for transfers of land use entitlement the following evidence is required:
   1. The share transfer.
   2. The constitution or memorandum of articles of the company in which the shares are in. See land use entitlements.