Transfer duty presentation

Published on 31 Oct 07 by VICTORIAN DIVISION, THE TAX INSTITUTE

This presentation covers:

• how to structure a property acquisition from a duty perspective
• nominating new purchasers under contracts of sale where property is the subject of land development - when double duty is payable and when it isn't
• an overview of the land tax main residence exemptions as they relate to property development activities
• avoiding disputes re tax obligations as between vendors and purchasers, including the use of tax indemnities
• an overview of other Victorian duty and land tax issues, including land-rich issues and land taxes on properties held in trust
• discussion of key stamp duty issues being reviewed by the SRO in the property industry and the practices adopted by the SRO.

Author profile

Timothy Grace

Tim is a member of the Victorian Bar, practising in revenue law and specialising in property taxes. Tim has an active advice and objection and appeal practice, and has appeared in a number of state tax cases at VCAT, in the Supreme Court and the Court of Appeal. - Current at 26 May 2011

More by Tim GRACE

• Stamp duty - dealings in land - Victoria paper - 20-April-2006
• Reorganisations and disposals outside a consolidated group - 21-June-2002

Click here to expand/collapse more articles by Tim GRACE.