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Duties Act evidentiary requirements: Section 146,147

View complete list of evidentiary requirements.

Relevant evidentiary requirements must be provided when lodgements are made for assessment of duty.

Section 146

Meaning of “landholder”

Section 147

What are the “land holdings” of a landholder?

  • List of all the landholdings of the landholder, which include its directly held
  1. Estates in fee simple/freehold, including strata title
  2. Leasehold
  3. Tenant’s fixtures/ leasehold improvements
  4. Anything fixed to the land
  5. Options to purchase
  6. Mining lease or mineral claim granted under the Mining Act 1992, and
  7. Other landholdings, as in (a) to (f) above, determined under the following sections:
  • Sec 159 (constructive ownership)
  • Sec 158 and 158A (linked entities)
  • Sec 159A (recently transferred or agreed to be transferred) and
  • Sec 160 (uncompleted agreement for the sale or transfer of land)
  • For freehold landholdings, formal valuation report as at the date of acquisition
  • For other landholdings, evidence of value of the unencumbered value as at the date of acquisition, such as
  1. Asset valuation report
  2. Financial Statements including notes, of the landholder and any linked entities as at the date of the acquisition
  3. Fixed Asset Register
  • In case the land is held by more than one legal owner, the folio search for the land or the Notice of Sale

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