195
In forceExemption—no liability for transfer duty on acquisition in other way
Chapter 3Landholder duty and corporate trustee duty
Part 1Landholder duty
Division 5Exempt acquisitions
195 Exemption—no liability for transfer duty on acquisition in other way
Landholder duty is not imposed on an acquisition by a person if—
(a)
the land-holdings of a landholder could have been acquired by the person without incurring a liability to pay transfer duty for the acquisition of land other than under chapter 10, part 1; and
(b)
the commissioner is satisfied the acquisition would not have been part of an arrangement to avoid the imposition of landholder duty.
This Act’s bill:Explanatory memorandum
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