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Chapters

  1. Overview
  2. Change in beneficial ownership of dutiable property
  3. Change in beneficial ownership of dutiable property - Regulation
  4. Change in beneficial ownership - Grant of an Option
  5. Acknowledgement of trust
  6. Off the plan transactions
  7. Breakup of marriages and de facto relationships
  8. Transfer of certain business property between family members
  9. Surcharge purchaser duty Australian-based developer
  10. Tax avoidance schemes
  11. Other changes to the Taxation Administration Act 1996
  12. Land Tax
  13. First Home Owner Grant
  14. Other legislative changes

9. Surcharge purchaser duty Australian-based developer

Section 104ZJA of the Duties Act 1997

Extends the refund of surcharge purchaser duty that is paid in relation to a transfer of residential land, if after the transfer, the land is used by the transferee wholly or predominately for commercial or industrial purposes.

The section also permits a reassessment of surcharge purchaser duty more than 5 years after an initial assessment of liability in certain circumstances.

How are these transactions processed?

The application for refund must be lodged via eDuties using application type “Australian Based Developer Application for Exemption & Reassessment”.

When making an application for a refund, select the reassessment option.

Where can I find more information?