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Published on 17 January 2014
The State Revenue Office has issued Revenue Ruling DA.026 (version 2) – 'Aggregation of dutiable transactions and the exception from aggregation for domestic builders where residential premises are to be constructed'.
This ruling reflects the amendments made by the State Taxation Acts Amendment Act 2012 to the aggregation provisions of the Duties Act 2000 (the Act). These amendments removed the Commissioner’s discretion not to aggregate and replaced it with a specific exemption for transactions involving vacant land purchased by domestic builders.
The ruling now provides a more detailed explanation of how the Commissioner will apply the aggregation provisions in section 24 of the Act.