Western Australian Current Acts

DUTIES ACT 2008 - SECT 205Z

205Z .         Transactions relating to agreements for transfer of residential property

        (1)         Foreign transfer duty is not chargeable on an agreement for the transfer of residential property if —

            (a)         the agreement is an agreement referred to in section 42(2) or (4), the purchaser is a foreign person, and the transferee is not a foreign person; or

            (b)         the agreement is an agreement referred to in section 42(4B), the purchaser is a foreign person, and the trust is not a foreign trust; or

            (c)         the agreement is an agreement referred to in section 42(5), the person named in the agreement as the purchaser is a foreign person, and the corporation is not a foreign corporation.

        (2)         Foreign transfer duty is not chargeable on an agreement for the transfer of residential property to a transferee if the property is transferred in conformity with the agreement and the transferee is not a foreign person when the property is transferred.

        [Section 205Z inserted: No. 24 of 2018 s. 8.]

        [Heading inserted: No. 24 of 2018 s. 8.]