104KMeaning of “residential-related property”

104K Meaning of “residential-related property”

104K Meaning of “residential-related property”

(cf section 11)

Residential-related property is any of the following dutiable property—

(a) residential land in New South Wales,

(b) an option to purchase residential land in New South Wales,

(c) an interest in any residential-related property referred to in paragraph (a) or (b), except to the extent that—

(i) it arises as a consequence of the ownership of a unit in a unit trust scheme and is not a land use entitlement, or

(ii) it is, or is attributable to, an option over residential-related property, or

(iii) it is a marketable security,

(d) a partnership interest (being an interest in a partnership that has partnership property that is residential-related property elsewhere referred to in this section).

ss 104K–104T: Ins 2016 No 32, Sch 1 [14].