Transfers back from nominee's

Conveyance duty is not imposed on the transfer of dutiable property if:

• dutiable property that was transferred to a person to be held by that person as trustee for the transferor is transferred back to the transferor by the trustee for no consideration, and
• no other person had a beneficial interest in the dutiable property.

For this exemption, a trustee includes a trustee appointed in substitution for a trustee or a trustee appointed in addition to a trustee.