108APerson liable to pay surcharge call option assignment duty

#### 108A Person liable to pay surcharge call option assignment duty 108A Person liable to pay surcharge call option assignment duty > > (1) Surcharge call option assignment duty on a call option assignment is payable by any foreign person who assigns the right under the call option to require another person to sell residential-related property (the foreign option holder). > > > (2) Accordingly, the foreign option holder is taken, for the purposes of charging duty under Chapter 2A, to be the transferee of the residential-related property. > > > (3) The duty payable by the foreign option holder is additional to the duty (if any) payable under Chapter 2A by a transferee on the transfer of an option to purchase residential land in New South Wales. > > > (4) However, the duty payable by the foreign option holder as a consequence of this Part is to be reduced by the amount of duty (if any) paid by the foreign option holder under Chapter 2A on the transfer of the call option to the foreign option holder. > > **s 108A:** Ins 2016 No 32, Sch 1 \[25\].