If a natural person dies (transfer of interest held by financial person)
Sections:
s57 F(a)
Lodgement category:
Trust Exemptions and Concessions
Circumstances/Transactions:
If, before an arrangement described in section 57A, 57B, 57C or 57D has been completed, the natural person dies and there is a transfer of any interest held by the natural person to another person by virtue of:
- a testamentary gift, or
- the right of survivorship, or
- the Administration and Probate Act 1958.
A transfer from the representative of the natural person to another person is exempt.
Evidence:
- Digital Duties Form.
- A copy of the duly stamped transfer to the natural person.
- A statutory declaration by the representative of the natural person as transferor stating:
- The capacity of the person making the declaration.
- The capacity in which the transferor held the property.
- Whether the transfer is by virtue of section 57F(b)(i), (ii) or (iii).
Lodge 30 days before settlement through Duties Online
Last modified: 10 October 2023