Western Australian Current Acts

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DUTIES ACT 2008 - SECT 274

274 .         Endorsement of duty that depends on duty paid on another transaction

        (1)         This section applies if the amount of duty payable, or whether duty is chargeable, on a dutiable transaction (the dependent transaction ) depends in any way on the payment of duty chargeable on another dutiable transaction (the related transaction ).

        (2)         The transaction record for the dependent transaction may be —

            (a)         endorsed by the Commissioner; or

            (b)         endorsed or certified under a special tax return arrangement,

                to indicate the amount of duty paid or payable on the related transaction.

        Note for this section:

                For example, duty of $20 700 is paid on an agreement for the transfer of dutiable property (the related transaction ). A transfer of the dutiable property (the dependent transaction ) is lodged and is in conformity with the agreement for transfer for the purposes of section 42(1). The transfer will be endorsed to indicate:

            (a)         that no duty is chargeable on the transfer; and

            (b)         the duty of $20 700 paid on the agreement for transfer.



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