Duties Act 2001

Subsection (2) applies to a dutiable transaction that is 1 of the following in relation to residential land, vacant land or residential vacant land—

a transfer, or agreement for the transfer, of the land;

an acquisition, mentioned in section 85(b), of a lease of the land;

a vesting, mentioned in section 85(c), of the land.

The dutiable value of the land to which the transaction relates is as follows—

for a transaction mentioned in subsection (1)(a) or (c)—the part of the dutiable value of the transaction that is attributable to the land;

for a transaction mentioned in subsection (1)(b)—the part of the dutiable value of the transaction that is attributable to the interest acquired in the land.