Trusts - change in trustees

Conveyance duty is not imposed on the transfer of dutiable property to a person as a result of the retirement of a trustee or the appointment of a new trustee.

New or remaining trustees after the retirement of a trustee cannot become beneficiaries of the trust.

Does a trustee hold dutiable property or have an indirect interest in dutiable property in the ACT?

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.