Duties Act 2001

This section applies if—

corporate trustee duty has been paid or is payable on a relevant acquisition under part 2; and

land-holdings in which the corporate trustee, or relevant corporation for a corporate trustee, has an interest at the time of the relevant acquisition under part 2, has been included in working out the dutiable value of a relevant acquisition under this part; and

the relevant acquisitions are part of the 1 arrangement.

Landholder duty imposed on the relevant acquisition must be reduced by the amount of corporate trustee duty paid or payable for the land-holdings to the extent that the land-holdings were included in working out the dutiable value of the relevant acquisition under this part.