DUTIES ACT 2001 - SECT 228
Deduction—transfer duty for trust acquisition
DUTIES ACT 2001 - SECT 228
Deduction—transfer duty for trust acquisition
228 Deduction—transfer duty for trust acquisition
(1) This section applies if— (a) a person makes a trust acquisition for
which transfer duty is paid or payable; and
(b) the acquisition is a relevant
acquisition.
(2) Corporate trustee duty imposed on the relevant acquisition
must be reduced by the amount of transfer duty paid or payable.
