Updated landholder duty ruling 

Published on 22 February 2022

Following public consultation, we have published Revenue Ruling DA-047v3 landholder duty – duty concession, on the interposition of a unit trust between stapled security holders and the stapled entities.

This replaces Revenue Ruling DA-047v2 to reflect the amendments made to Division 1B in Part 2 of Chapter 11 of the Duties Act 2000. 

The provisions were amended to replace the former exemption with a concessional rate of duty on relevant acquisitions arising from the reorganisation of listed stapled entities in accordance with Subdivision 124-Q in Part 3-3 of Chapter 3 of the Income Tax Assessment Act 1997 (Cth).