(1) A person is liable
to pay foreign transfer duty on a foreign dutiable transaction if the person
is —
(a)
liable to pay transfer duty on the transaction; and
(b) a
foreign person.
(2) A person is liable
to pay foreign transfer duty, regardless of whether the person is a foreign
person, if —
(a) the
person is liable to pay transfer duty on a foreign dutiable transaction
referred to in section 205H(1)(h); or
(b) the
person is, under section 69 as applied by section 205S(1), the person liable
to pay foreign transfer duty.
(3) A foreign
individual or foreign corporation is not liable to pay foreign transfer duty
on a foreign dutiable transaction if —
(a) the
individual or corporation is acting in their capacity as trustee; and
(b) the
individual or corporation is not a foreign trustee.
[Section 205K inserted: No. 24 of 2018 s. 8.]