Lease duty

Lease duty

Duty on a Lease was abolished as of 1 January 2008. However, the following instruments relating to a lease are liable to duty on the dutiable value at the general rate.

  • a lease or lease agreement where a premium is paid or agreed to be paid, excluding premiums paid or payable for a lease within a retirement village (defined under the Retirement Villages Act 1999)

  • a lease entered into, following an option, if an amount is paid or payable for the grant of the option

  • a transfer or assignment of lease (including retirement villages)

  • a surrender of lease.

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Last updated: 23 May 2018