For contracts or transfers dated on or after 1 July 2017, this information is obtained via the digital duties form. Please refer to the Settlement Statement under Sub-sale, Nomination and Options – Questions - Options, Parallel Arrangement and Additional Consideration.
You need to verify that the following questions are answered:
- Was there an option granted in relation to this property? NO
- Was there additional consideration paid/payable in relation to this property including any consideration for the parallel arrangement? NO
Answering YES to either of these two questions will restrict the transaction in Duties Online and it will need to be submitted to our office for complex assessing under a Duty Determination.
In reference to Form 6A (last modified - 1 May 2013) you will need to verify that:
- At Part F - Question 18, the answer is NO
- At Part F - Question 19, the answer is NO
- At Part F - Question 20, the answer is NO
- At Part G - Question 23, the answer is NO
- At Part I - Question 29, the answer is NO
Answering YES to any of these questions restricts the transaction in Duties Online and it will need to be lodged under a Duty Determination.