DUTIES ACT 1997 - SECT 104ZK
Transactions exempt from ad valorem duty under Chapter 2
DUTIES ACT 1997 - SECT 104ZK
Transactions exempt from ad valorem duty under Chapter 2
104ZK Transactions exempt from ad valorem duty under Chapter 2
(1) Subject to this Part, no surcharge purchaser duty is chargeable on a
surcharge duty transaction if--
(a) ad valorem duty is not chargeable on the
transaction as a dutiable transaction under Chapter 2 because of any of the
provisions of Parts 6 and 7 of that Chapter (other than sections 55, 57, 62,
62A and 62B), or
(b) the transaction is a relevant transfer to which
section 61 applies, or
(d) the transaction is a transfer, or an agreement for
the sale or transfer, of residential-related property and a duty concession is
granted under Division 5 of Part 8 of Chapter 2 in respect of the transaction.
(2) To avoid doubt, the exemptions and concessions provided for in Part 8 of
Chapter 2 do not (except as provided by subsection (1) (d)) apply in respect
of surcharge purchaser duty.