Interim payment of duty
104ZS Interim payment of duty
In this section—
relevant dutiable transaction means an agreement for sale or transfer that is a dutiable transaction.
relevant surcharge duty transaction means an agreement for sale or transfer that is a surcharge duty transaction.
Section 49 applies in respect of residential-related property subject to a relevant surcharge duty transaction in the same way as it applies in respect of dutiable property subject to a relevant dutiable transaction.
For that purpose, references in section 49 are to be read as follows—
a reference to the dutiable value of dutiable property is to be read as a reference to the dutiable value of residential-related property, determined in accordance with this Chapter,
a reference to duty is to be read as a reference to surcharge purchaser duty.
This Act’s bill:Explanatory memorandumSecond reading speech
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