sec.81Interpretation for majority trust acquisitions

### sec.81 Interpretation for majority trust acquisitions This section applies for imposing transfer duty on majority trust acquisitions. An indirect trust interest in a land holding trust being acquired by a person is taken to be a trust interest in the trust. Also, an indirect trust interest in a land holding trust already held by an acquirer or related person of the acquirer is taken to be a trust interest in the trust. For an indirect trust interest in a land holding trust taken to be a trust interest under subsection (2) or (3) , the acquirer and any related persons of the acquirer are taken to be beneficiaries. An indirect trust acquisition is taken to be a trust acquisition in the land holding trust in which the indirect trust interest is acquired. (sec.81-ssec.1) This section applies for imposing transfer duty on majority trust acquisitions. (sec.81-ssec.2) An indirect trust interest in a land holding trust being acquired by a person is taken to be a trust interest in the trust. (sec.81-ssec.3) Also, an indirect trust interest in a land holding trust already held by an acquirer or related person of the acquirer is taken to be a trust interest in the trust. (sec.81-ssec.4) For an indirect trust interest in a land holding trust taken to be a trust interest under subsection (2) or (3) , the acquirer and any related persons of the acquirer are taken to be beneficiaries. (sec.81-ssec.5) An indirect trust acquisition is taken to be a trust acquisition in the land holding trust in which the indirect trust interest is acquired.