Landholder duty information
Acquisition statements
A person who has made a relevant acquisition must prepare a statement (an acquisition statement) and lodge it with the Chief Commissioner.
Who is liable to pay the duty?
Duty chargeable under the landholder provisions is payable by the person who makes the relevant acquisition.
If a relevant acquisition results from an aggregation of the interests of associated persons, the person who made the relevant acquisition and the associated person or persons are jointly and severally liable for payment of the duty.
When must duty be paid?
A tax default does not occur for the purposes of the Taxation Administration Act 1996 if duty is paid within 3 months after the liability to pay the duty arises.
Last updated: 02-Dec-2009