Declaration of trust relating to managed investment scheme
Conveyance duty is not imposed in respect of a declaration of trust:
- that is made by a trustee in respect of dutiable property that, immediately before the trust is declared is held by the trustee as trustee of a responsible entity of a managed investment scheme, and
- that is made for the purpose of holding the property on trust for the responsible entity of a managed investment scheme.
All concessions and exemption applications at the ACT Revenue Office are self-assessed. You are obligated to ensure that all the eligibility criteria have been met (or will be met) before applying for any concession or exemption code in the Buyer Verification Declaration.
You should undertake your own inquiries into the eligibility requirements. This may include obtaining information from this website, legislation, or independent professional advice.