Duties Act 2001

Transfer duty is not imposed on an agreement for a transfer entered into, or a transfer made, solely for the purpose of changing the registered ownership of property—

from tenants in common to joint tenants; or

from joint tenants to tenants in common.

Subsection (1) applies only if—

the total value of the co-owners’ interests in the property immediately before the agreement was entered into, or the transfer had effect, is not changed; and

either—

for subsection (1)(a)—immediately before the agreement was entered into or the transfer had effect, the owners held the property as tenants in common in equal shares; or

for subsection (1)(b)—after the transfer has effect, the owners hold the property as tenants in common in equal shares.