WebWhat is dutiable property? (1) Dutiable property is any of the following— S. 10(1)(a)amended by No. 46/2004 s. 4(a). (a) each of the following estates or interestsin land in Victoria— (i) an estate in fee-simple; S. 10(1)(a)(ia)inserted by No. 58/2003 s. 5(1). (ia) a life estate; S. 10(1)(a)(ib)inserted by No. 58/2003 s. 5(1). Web(c) a surrender of dutiable property that is land in Queensland or a transferable site area; (d) a vesting of dutiable property — (i) by, or expressly authorised by, statute law of this or …
What constitutes
http://www5.austlii.edu.au/au/legis/qld/consol_act/da200193/ WebOct 1, 2016 · Division 4 Dutiable value of other dutiable transactions for dutiable property of partnership 48 Dutiable value of dutiable transaction reduced for transfer of dutiable property to partner on retirement or dissolution . . . . . . . . . . . . . 64 Part 8 Dutiable transactions relating to trusts Division 1 Preliminary diagrams and labels
FAQs about Stamp Duty and Discretionary Trusts LegalVision
WebJan 27, 2024 · In Queensland “dutiable property” includes business assets, as well as rights and interests in land. When the trustee of a discretionary trust retires or is removed, the legal interest in the trust property is transferred to new or continuing trustees. WebDec 25, 2012 · Surrender of dutiable property that is land in Queensland or a transferable site area. Vesting of dutiable property under legislation or court order. Foreclosure of a mortgage over dutiable property. Acquisition of a new right on its creation, grant or issue. Partnership acquisition. Creation or termination of a trust of dutiable property WebOct 28, 2024 · The amount of stamp duty payable on commercial property in Queensland depends on the value of the property. For properties valued up to $5,000, the stamp duty is $100. ... Your first home concession reduces stamp duty by 5% if your home’s dutiable value is $350,000 or less. Your stamp duty could be reduced to nothing if you purchase a ... diagrams as code python