Section 60A - Duties Act 2000 - Election to receive exemption/concession

60A Election to receive exemption/concession

S. 60A(1) amended by Nos 22/2021 s. 19(1), 18/2023 s. 17(2)(a)(i), 38/2023 s. 10(2).

(1) This section applies to a transferee or, if more than one, transferees who, but for this section or section 18(5) of the First Home Owner Grant and Home Buyer Schemes Act 2000, would be entitled to receive—

S. 60A(1)(a) amended by No. 18/2023 s. 17(2)(a)(ii).

(a) an exemption or concession from duty under section 60 in respect of a transfer of an estate in fee simple in land; and

(b) any one or more of the following—

S. 60A(1)(b)(i) amended by No. 28/2017 s. 17.

(i) an exemption or concession from duty under section 57JA;

S. 60A(1)(b)(ii) amended by No. 22/2021 s. 19(1).

(ii) an amount in respect of an eligible transaction (within the meaning of the First Home Owner Grant and Home Buyer Schemes Act 2000) relating to that land under—

(A) section 18(2) or 18(2A) of that Act (or both);

(B) section 18(2AA) or 18(2B) of that Act (or both);

S. 60A(2) amended by Nos 18/2023 s. 17(b)(i), 38/2023 s. 10(3).

(2) The transferee or, if more than one, the transferees, by notice in writing to the Commissioner, must elect to receive—

S. 60A(2)(a) amended by No. 18/2023 s. 17(b)(ii).

(a) the exemption or concession under section 60 in respect of the transfer; or

(b) any one or more of the following—

S. 60A(2)(b)(i) amended by No. 28/2017 s. 17.

(i) an exemption or concession from duty under section 57JA;

S. 60A(2)(b)(ii) amended by No. 22/2021 s. 19(1).

(ii) an amount in respect of an eligible transaction (within the meaning of the First Home Owner Grant and Home Buyer Schemes Act 2000) relating to that land under—

(A) section 18(2) or 18(2A) of that Act (or both);

(B) section 18(2AA) or 18(2B) of that Act (or both);

S. 60A(3) amended by Nos 18/2023 s. 17(2)(c), 38/2023 s. 10(4).

(3) If the transferee elects or, if there is more than one transferee, the transferees elect to receive any one or more of the following—

S. 60A(3)(a) amended by No. 28/2017 s. 17.

(a) an exemption or concession from duty under section 57JA;

S. 60A(3)(b) amended by No. 22/2021 s. 19(1).

(b) an amount in respect of an eligible transaction (within the meaning of the ) relating to that land under—

60AElection to receive exemption/concession

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