Updated landholder duty ruling
Following public consultation, we have published Revenue Ruling DA-047v3 landholder duty – duty concession, on the interposition of a unit trust between stapled security holders and the stapled entities.
This replaces Revenue Ruling DA-047v2 to reflect the amendments made to Division 1B in Part 2 of Chapter 11 of the Duties Act 2000.
The provisions were amended to replace the former exemption with a concessional rate of duty on relevant acquisitions arising from the reorganisation of listed stapled entities in accordance with Subdivision 124-Q in Part 3-3 of Chapter 3 of the Income Tax Assessment Act 1997 (Cth).
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