sec.55What is a trust acquisition

### sec.55 What is a trust acquisition A person makes a trust acquisition if the person acquires a trust interest in a trust that— holds dutiable property; or has an indirect interest in dutiable property. Under section 81 , an indirect trust acquisition in a land holding trust is taken to be a trust acquisition. An indirect trust acquisition is the acquisition of an interest in a land holding trust through 1 or more corporations, partnerships or trusts, or a combination of any of them. See definitions indirect trust acquisition and indirect trust interest in the dictionary. - (a) holds dutiable property; or - (b) has an indirect interest in dutiable property.