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LTX-Form-01

Document last modified: 26 Jul 2017

Use this form to notify us of a change in land ownership.

Important change

This form has been replaced with an online SmartForm. Old PDF forms are no longer accepted.

image_descriptionLTX-Form-01 SmartForm

Lodge your notice

Mail or deliver one notice of acquisition, together with the transfer of land form, to the Registrar of Titles:

Land Victoria
2 Lonsdale Street
Melbourne VIC 3000

The other copy of the notice must be sent to your relevant municipal council.

Explanatory notes

Although the majority of land in Victoria does not attract land tax, every person who acquires land in Victoria must give notice to the Victorian Registrar of Titles within one month of acquiring the land. Failing to lodge the acquisition notice within one month may result in penalties.

Ensure that all details are accurately recorded on the form so we can process your notice immediately. The form is used by use and local councils.

Transferor (Seller)

Names

  1. Include all parties registered on title. State surname, first name and other given names in full.
  2. If a trust is involved, state the full name(s) of the trustee and the trust. For example, John Smith as trustee for the Smith Family Trust.
  3. If a company is involved, state the full name of the company and its Australian Company Number (ACN) or Australian Business Number (ABN).

Transferor’s contact details

  1. Supply the transferor’s email address, address at the time of transfer and the future address for correspondence. If there is insufficient space for the names and addresses, please attach a list.

Contact details of Transferor’s representative

  1. Supply the name(s), contact number and email address of the transferor’s solicitor, conveyancer or agent. If there is no solicitor, conveyancer or agent involved, write N/A in the name field.

Transferee (Buyer)

Names

  1. Include all parties to be registered on title. State surname, first name and other given names in full. Provide date of birth for each buyer who is an individual person.
  2. If a trust is involved, state the full name(s) of the trustee and the trust. For example, John Smith as trustee for the Smith Family Trust. In addition, the trustee must lodge a Notice of Trust Acquisition of an Interest in Land - LTX Trust 8 Form.
  3. If a company is involved, state the full name of the company and its Australian Company Number (ACN) or Australian Business Number (ABN).
  4. If more than one transferee is involved, only one joint owner will receive the joint land tax assessment on behalf of all joint owners. The first party named as the transferee on this Notice of Acquisition of an Interest in Land will be nominated to receive the joint land tax assessment.

Transferee’s contact details

  1. Supply the transferee’s address at the time of transfer, the future address for correspondence, a contact number and email address. If there is insufficient space for the names and addresses, please attach a list. Note: Address at the time of transfer is required to ensure correct matching of data.

Principal place of residence

  1. If the property will be the transferee’s principal place of residence, indicate ‘Yes’. If not, indicate ‘No’ and provide the address of the transferee’s principal place of residence.
  2. Refer to more information about the principal place of residence exemption.

Details of title

  1. To complete Part 3, refer to these documents:
  • certificate of title,
  • plan of the property,
  • transfer of land documentation,
  • municipal rate notice.

Address of property being transferred

  1. Include all property location details, for example, unit, office, suite or factory number if applicable.

Lot and plan number, volume, folio, crown allotment, section or portion, parish name

  1. Refer to the plan and transfer of land documentation.

Municipality name and property number

  1. This is the local government municipality in which the land is located, for example, City of Banyule or Shire of Southern Grampians, and the number by which your municipality identifies the land. This number can be found on the property's rate notice or by asking your council.

Area of land or unit of entitlement

  1. Supply the total area of the land being transferred and the unit of measure used, where relevant. For example, 5000 square metres or 200 hectares.

Unit of entitlement

  1. Supply the unit of entitlement of the land of floor space being transferred. This refers to your share of ownership of the common property. For example, 100:800.

Details of transaction

Total sale price (including GST)

  1. This is the total amount paid or payable for the property. If no sale is involved, for example a transfer under a will, write '0'.

Deposit

  1. This is the amount paid as a deposit to secure the property.

GST amount

  1. This is the amount of GST included in the sale price for the property.

Date of contract

  1. This is the date the contract was signed. If there is no contract, leave blank.

Date of possession/transfer

  1. State the date the legal possession of the property was transferred. In most cases this will be the date of settlement.

Terms sales

  1. This information will determine when the transferee becomes liable (if at all) for land tax under a vendor terms sale contract.
  2. A terms sale contract, is a method of buying and selling real property where the purchaser pays the purchase price to the vendor in instalments rather than paying the full amount of the purchase price by way of a home loan secured by a mortgage over the property.

Number of bedrooms

  1. This information is used by the Valuer-General. If there are no bedrooms, leave blank.

Description of property

  1. Refer to the land use codes listed on the SmartForm. This information is used by the Valuer-General.

Construction of main structure

  1. This information is used by the Valuer-General.