Transfer Duty

Transfer duty exemption for small business restructures

On 9 October 2020, the Queensland Commissioner of State Revenue (Commissioner) issued Public Ruling DA000.16.2 (Ruling) which outlines new transfer duty exemptions under the Duties Act 2001 (Qld) (Act) available to eligible small businesses undergoing a restructuring.   The Ruling stems from a public announcement made by Queensland Treasurer Cameron Dick on 7 September 2020. [Read more…]

Transfer Duty and loans

In Queensland, transfer duty (Transfer Duty) is governed by the Duties Act 2001 (Qld) (Act).  Pursuant to section 8(2) of the Act, Duty is imposed on the dutiable value of “dutiable transactions” (Dutiable Transactions).

Whether Transfer Duty applies to loans turns on whether or not:

  • the creation of a loan is a Dutiable Transaction; or
  • loans are considered to be “dutiable property” (Dutiable Property).

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Transfer Duty and issuance of units in a unit trust

In Queensland, transfer duty (Transfer Duty) is governed by the Duties Act 2001 (Qld) (Act).  Pursuant to section 8(2) of the Act, Transfer Duty is imposed on the dutiable value of “dutiable transactions” (Dutiable Transactions). [Read more…]

Transfer Duty in business acquisitions

In commercial transactions transfer duty or stamp duty is often overlooked – however, it remains an important consideration.  Businesses should ensure they have taken the costs of stamp duty into account when making an acquisition.

Transfer duty can apply to the acquisition of property, transfer of title or to existing rights.  This article explores the application of stamp duty in business acquisitions.

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