Update to Revenue Ruling DA-055 on landholder duty

Published on 13 October 2021

We have published Revenue Ruling DA-055v3 – Obligations on making a relevant acquisition and duty calculation. This replaces Revenue Ruling DA-055v2.

The ruling has been published without public consultation, as it only updates the duty calculation examples to reflect a new premium rate of duty. The new premium rate was introduced from 1 July 2021 for transactions with a dutiable value of more than $2 million.

The web page on examples of landholder duty calculations has also been updated.