Western Australian Current Acts

DUTIES ACT 2008 - SECT 104

104 .         No exemption for subsequent transactions for same farming property within 5 years

                Despite section 103, duty is chargeable on a transaction (a subsequent transaction ) that would otherwise be an exempt family farm transaction if —

            (a)         duty was not charged on an exempt family farm transaction (the first transaction ); and

            (b)         liability to duty on the subsequent transaction arose —

                  (i)         within 5 years of the first transaction; and

                  (ii)         the transaction relates, in the opinion of the Commissioner, to the same farming property that was the subject of the first transaction.