New South Wales Consolidated Acts
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DUTIES ACT 1997 - SECT 104ZKA
Exemption for certain permanent residents in respect of principal place of residence
104ZKA Exemption for certain permanent residents in respect of principal place
(1) No surcharge purchaser duty is chargeable on a transfer, or an agreement
for the sale or transfer, of residential-related property if each transferee
under the transfer or agreement who would otherwise be liable to pay that duty
is an exempt permanent resident.
(2) A transferee under a transfer or
agreement is an
"exempt permanent resident" if--
(a) the transferee is a permanent resident
when a liability for duty charged by Chapter 2 on the transfer or agreement
arises (or would arise but for a concession or exemption from duty under that
(b) the Chief Commissioner is satisfied that the transferee
intends to use and occupy the residential land to which the
residential-related property relates as a principal place of residence in
accordance with the residence requirement.
(3) If there is more than one
transferee under the transfer or agreement who is a foreign person (a
"foreign transferee" ) and the Chief Commissioner is satisfied that at least
one, but not all, of those transferees is an exempt permanent resident--
surcharge purchaser duty is to be reduced in proportion to the share or shares
in the residential-related property transferred to foreign transferees who are
exempt permanent residents, and
(b) none of those exempt permanent residents
is liable to pay surcharge purchaser duty on the transfer or agreement.
The residential land must be used and occupied by the
exempt permanent resident as his or her principal place of residence for a
continuous period of at least 200 days within the first 12 months after the
liability date. This requirement is referred to as
"the residence requirement" .
"liability date" is the date on which liability to surcharge purchaser duty
first arose in respect of the share in the residential-related property
transferred, or agreed to be transferred, to the exempt permanent resident.
(6) If the residence requirement is not complied with in relation to the
residential land, the Chief Commissioner must assess or reassess the
surcharge purchaser duty chargeable on the transfer or agreement as if the
exemption under this section had never applied.
(7) A reference in this
section to the use and occupation of residential land as a principal place of
residence in accordance with the residence requirement includes--
(a) in the
case of a land use entitlement, a reference to the use and occupation of the
building or part of the building to which the entitlement relates, as a
principal place of residence in accordance with the residence requirement, and
(b) in the case of a utility lot (within the meaning of the
Strata Schemes Management Act 2015 ), a reference to the use of the utility
lot in conjunction with a strata lot used and occupied as a principal place of
residence in accordance with the residence requirement.
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