From Monday 22 June 2020, assessing land transfers in Duties Online will be quicker and easier than ever before.
With data from the Digital Duties Form pre-populating in Duties Online, the SRO is reducing the current seven step process to a single step. Once the Digital Duties Form is linked to your lodgement, you will simply select ‘Calculate duty’ to obtain an estimate and duty verification.
Duties Online will also be able to instantly assess the duty on another 10 types of complex lodgements, meaning you no longer have to submit the following lodgements for an assessment of duty 30 days before the scheduled settlement:
- Historical contracts
- More than two transferees – pensioner
- More than two transferees – change in manner of holding
- More than two transferees – foreign purchaser additional duty exemption
- Sub sales related (contract of sale between related parties)
- Related parties transactions with concessions
- Unrelated parties (no contract of sale)
- Multiple property types in the same transfer
- Principal place of residence applied where there are multiple properties (Complex transactions only)
- On-sales
For the remaining complex lodgements the SRO has removed five steps in Duties Online.
Once the Digital Duties Form is linked, simply upload supporting documentation and submit your lodgement at least 30 days before the scheduled settlement.
For further details including free training please see the SRO website.
