146
In forceExemption—leases of particular residences
Chapter 2Transfer duty
Part 13Exemptions for transfer duty
Division 5Miscellaneous exemptions
146 Exemption—leases of particular residences
(1)
Transfer duty is not imposed on an acquisition of a new right that is a lease of land in Queensland if—
(a)
the new right is an instrument that is—
(i)
a lease of a dwelling house; or
(ii)
a site agreement; and
(b)
the leased premises are not used for carrying on a business or commercial venture; and
(c)
there is no premium, fine or other consideration payable for the grant of the new right.
(2)
In this section—leased premises includes the land the subject of a site agreement.
This Act’s bill:Explanatory memorandum
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