Australian Capital Territory Numbered Acts

DUTIES ACT 1999 - SECT 8

(1)     The duty charged by this Chapter on a dutiable transaction referred to in paragraph 7 (1) (b) is to be charged as if each such dutiable transaction were a transfer of dutiable property.

(2)     For the purpose of charging duty under this Chapter, in relation to a dutiable transaction specified in Column 1 of the following Table:

        (a)     the property specified opposite the dutiable transaction in Column 2 is taken to be the property transferred (and a reference in this Act to property transferred includes a reference to such property);

        (b)     a person specified opposite the dutiable transaction in Column 3 is taken to be the transferee of the dutiable property (and a reference in this Act to a transferee includes a reference to such a person);

        (c)     the transfer of the dutiable property is taken to have occurred at the time specified opposite the dutiable transaction in Column 4 (and a reference in this Act to the time at which a transfer occurs includes a reference to such a time).

TABLE

Column 1	Column 2	Column 3	Column 4
Dutiable transaction	Property transferred	Transferee	When transfer occurs
Agreement for sale or transfer	The property agreed to be sold or transferred	The purchaser or transferee	When the agreement is entered into
Declaration of trust	The property vested or to be vested in the declarant	The person declaring the trust	When the declaration is made
Grant of a Crown lease	The leasehold interest	The lessee	When the lease is granted
Vesting on merger	The vested property	The person in whom the property is vested	When the vesting occurs