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Section 43(2)(b) of the Duties Act 2000 (Vic)

Section 43(2)(b) of the Duties Act 2000 (Vic)

By Property and Environmental Law Section

ATO Conveyancing Real Property Taxation 

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The Law Institute of Victoria (LIV) has prepared a submission in relation to s 43(2)(b) of the Duties Act 2000 (Vic) (the Act) outlining its concerns that compliance with amended s 43(2)(b) of the Act results in stamp duty being payable in transactions between spouses and domestic partners involving a principal place of residence where it appears that a stamp duty exemption should apply. The LIV considers that s 43(2)(b) of the Act should be repealed.

The LIV's submission considers:

  • The background to the amendments to s 43 of the Act;
  • The text of amended s 43 of the Act; and
  • The LIV's concerns and proposals in relation to s 43(2)(b) of the Act.

20170724_SUB_LP_Section43DutiesAct_FINAL-(3).PDF

 


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