125
In forceExemption—particular vestings of dutiable property
Chapter 2Transfer duty
Part 13Exemptions for transfer duty
Division 2Exemptions for trusts
125 Exemption—particular vestings of dutiable property
Transfer duty is not imposed on a dutiable transaction that is, or arises from—
(a)
a vesting of dutiable property on a statutory trust for sale or partition under the Property Law Act 1974, part 5; or
(b)
a vesting of dutiable property in a receiver or trustee in bankruptcy or a retransfer of the property to the bankrupt on the bankrupt’s discharge from bankruptcy.
This Act’s bill:Explanatory memorandum
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