104YChange in proportion of share transferred to foreign persons

#### 104Y Change in proportion of share transferred to foreign persons 104Y Change in proportion of share transferred to foreign persons > > (1) If the share or shares in the residential-related property agreed to be sold or transferred to foreign persons are less than the share or shares actually transferred to foreign persons, surcharge purchaser duty is to be charged on the additional proportion of the share or shares transferred to foreign persons. > > > (2) If the share or shares in the residential-related property agreed to be sold or transferred to foreign persons exceed the share or shares actually transferred to foreign persons under the transfer and surcharge purchaser duty was paid on the agreement— > > > > > (a) surcharge purchaser duty is not chargeable on the transfer, and > > > > > (b) the Chief Commissioner is to reassess the agreement, by calculating the surcharge purchaser duty chargeable in proportion to the share or shares in the residential-related property actually transferred to foreign persons, and refund any excess surcharge purchaser duty paid. > > Note. > > Section 104ZF provides for a full refund in cases where no surcharge purchaser duty is payable on the actual transfer because the transferees are no longer foreign persons. > > **ss 104V–104Y:** Ins 2016 No 32, Sch 1 \[14\].