DUTIES ACT 2001 - SECT 613
Application of amendments about concession for transfer duty—vacant land
DUTIES ACT 2001 - SECT 613
Application of amendments about concession for transfer duty—vacant land
613 Application of amendments about concession for transfer duty—vacant land
(1) The relevant provisions, as in force on 1 July 2009, apply to
dutiable transactions only if liability for transfer duty arises on or after 1
July 2009.
(2) The relevant provisions, as in force immediately before 1 July
2009, apply to a dutiable transaction that is the transfer, or agreement for
the transfer, of vacant land made on or after 1 July 2009 if—
(a) the
transfer or agreement replaces a transfer, or an agreement for the transfer,
that included the land and was made before 1 July 2009; or
(b) the transferee
had an option to purchase the land, or the transferor had an option to require
the transferee to purchase the land, granted before 1 July 2009 and exercised
on or after 1 July 2009; or
(c) another arrangement was made before 1 July
2009 the sole or main purpose of which was to defer the making of the transfer
or agreement until 1 July 2009 or later so the concession for transfer duty
under the relevant provisions, as in force on or after 1 July 2009, would
apply in relation to the dutiable transaction.
(3) In this section—
"relevant provisions" means the following provisions—