Bankruptcy or insolvency transfer

Conveyance duty is not imposed under this section if dutiable property in the ACT is transferred as a result of:

The appointment of a receiver or trustee in bankruptcy; or
The appointment of a liquidator; or
To a former bankrupt from the estate of the former bankrupt.

An application for exemption must include documents identifying the transferor being placed in receivership and has a trustee in bankruptcy or a liquidator appointed.

Reference Material

Information on the bankruptcy or insolvency exemption can be located using the information below:

Duties Act 1999 – Section 71

Have you entered an agreement to transfer 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.