DUTIES ACT 2001 - SECT 67
Parties to trust acquisition and trust surrender
DUTIES ACT 2001 - SECT 67
Parties to trust acquisition and trust surrender
67 Parties to trust acquisition and trust surrender
(1) For a trust acquisition, the beneficiary acquiring the trust interest is
the party to the dutiable transaction.
(2) For a trust surrender, the trustee
and the beneficiary whose trust interest is surrendered are the parties to the
dutiable transaction. Note— Under section 17 , the parties to a
dutiable transaction are liable to pay transfer duty imposed on the
transaction.