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Property professionals guide: Duties Act Section 58

A guide for property professionals on the establishment of a trust relating to unidentified property and non-dutiable property.

This EDR assessing guide is provided to assist industry professionals understand the requirements when self-assessing and processing transactions using EDR.

For a comprehensive understanding, it is recommended that this guide is read in its entirety.

Chapters

1. Overview

Introduction to assessing and processing duty for the establishment of a trust.
2. Supporting information

Supporting evidence for the establishment of a trust relating to unidentified and non-dutiable property.
3. Assessing transfer duty

Guidance and examples of when a declaration of trust over unidentified and non-dutiable property is liable for transfer duty.
4. Lodgement requirements

See instructions on how to process a Section 58 transaction in Electronic Duties Return (EDR).
5. Record keeping

Understand what records you must retain for audit purposes for Section 58 transactions.
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1. Overview