8AAImposition of duty on acknowledgment of trust

#### 8AA Imposition of duty on acknowledgment of trust 8AA Imposition of duty on acknowledgment of trust > > (1) This Chapter also charges duty on the making of a statement that— > > > > > (a) purports to be a declaration of trust over dutiable property, but > > > > > (b) merely has the effect of acknowledging that identified property vested, or to be vested, in the person making the statement is already held, or to be held, in trust for a person or purpose mentioned in the statement. > > > (2) For the purpose of charging the duty— > > > > > (a) the making of the statement is taken to be a declaration of trust over dutiable property and, accordingly, is a dutiable transaction, and > > > > > (b) the property vested, or to be vested, in the person making the statement is taken to be the property transferred, and > > > > > (c) the person making the statement is taken to be the transferee, and > > > > > (d) the transfer is taken to occur when the statement is made. > > **s 8AA:** Ins 2022 No 16, Sch 1\[4\].