55Property vested in an apparent purchaser

#### 55 Property vested in an apparent purchaser 55 Property vested in an apparent purchaser > > (1) Duty of $100 is chargeable in respect of— > > > > > (a) a declaration of trust made by an apparent purchaser in respect of identified dutiable property— > > > > > > > (i) vested in the apparent purchaser upon trust for the real purchaser who provided the money for the purchase of the dutiable property, or > > > > > > > (ii) to be vested in the apparent purchaser upon trust for the real purchaser, if the Chief Commissioner is satisfied that the money for the purchase of the dutiable property has been or will be provided by the real purchaser, or > > > > > (b) a transfer of dutiable property from an apparent purchaser to the real purchaser if— > > > > > > > (i) the dutiable property is property, or part of property, vested in the apparent purchaser upon trust for the real purchaser, and > > > > > > > (ii) the real purchaser provided the money for the purchase of the dutiable property and for any improvements made to the dutiable property after the purchase. > > > (1A) For the purposes of subsection (1), money provided by a person other than the real purchaser is taken to have been provided by the real purchaser if the Chief Commissioner is satisfied that the money was provided as a loan and has been or will be repaid by the real purchaser. > > > (1B) This section applies whether or not there has been a change in the legal description of the dutiable property between the purchase of the property by the apparent purchaser and the transfer to the real purchaser. > > > > Note. > > > > For example, if the dutiable property is land, this section continues to apply if there is a change in the legal description of the dutiable property as a consequence of the subdivision of the land. > > > (1C) This section applies to the legal personal representative of an apparent purchaser or real purchaser who has died in the same way as it applies to an apparent purchaser or real purchaser. > > > (2) In this section, purchase includes an allotment. > > **s 55:** Am 2006 No 51, Sch 1 \[3\] \[4\]; 2008 No 122, Sch 1.2 \[5\]; 2023 No 18, Sch 1\[6\]; 2023 No 26, Sch 1\[1\].