Property passing to beneficiaries

Conveyance duty is not imposed on the transfer of property to a beneficiary under and in conformity with trusts contained in a declaration of trust, provided that conveyance duty was paid on the initial declaration of trust over that property.

Does a trustee hold or have an indirect interest in dutiable property in the ACT in conformity with trusts contained in a declaration of trust?

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.