Part 3AAdditional duty for foreign persons

Chapter 3A — Additional duty for foreign persons

205A. Terms used 261

205B. Associate 262

205C. Foreign corporation 262

205D. Foreign trust 263

205E. Residential property 264

Part 2 — Foreign transfer duty

205F. Terms used 266

Division 2 — Imposition of foreign transfer duty

205G. Foreign transfer duty imposed 267

Division 3 — Foreign dutiable transactions

205H. Foreign dutiable transaction 267

205I. New residential property 268

Division 4 — Collection of foreign transfer duty

205J. When liability for duty arises 269

205K. Who is liable to pay duty 269

205L. Joint tenants to be treated as tenants in common in equal shares 270

205M. Foreign transfer duty declaration to be lodged 270

205N. When duty must be paid 271

205O. Rate of foreign transfer duty 271

205P. Dutiable value 272

205Q. No double foreign transfer duty 273

205R. Interim assessment of foreign transfer duty 273

205RA. Foreign transfer duty on deemed transaction under s. 120B(2) 274

Division 5 — Application of Chapter 2 Part 5 to certain transactions

205S. Application of Chapter 2 Part 5 to foreign dutiable transactions 274

205T. References to residential trust acquisition 276

205U. References to residential trust surrender 276

205V. Dutiable value of residential trust acquisition or residential trust surrender 276

205W. Share disposition taken to be agreement for transfer of trust property 278

205X. References to residential partnership acquisition 278

Division 6 — Exemptions and reassessment

Subdivision 1 — Exempt transactions

205Y. Transactions on which minimum, nominal or no transfer duty payable 279

205Z. Transactions relating to agreements for transfer of residential property 280

Subdivision 2 — Exemptions relating to construction, refurbishment and subdivision

205ZA. Exemption relating to construction or refurbishment of 10 or more dwellings 281

205ZB. Exemption relating to subdivision for purpose of constructing 10 or more dwellings 283

Subdivision 3 — Reassessment

205ZC. Reassessment 285

Part 3 — Foreign landholder duty

205ZD. Terms used 286

Division 2 — Application of Chapter 3