A refund can only be paid to the transferee of the property and the transferee’s bank account details are mandatory.
Note: A refund of overpaid duty can only be paid to the taxpayer in accordance with the Taxation Administration Act 1997 (the Act). Under s3 of the Act, the taxpayer is the transferee who purchased the property.
For more details, refer to Revenue Ruling TAA-002, which outlines the circumstances and process under which a refund will be made under the Act.