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Fees for Part Tenancy Transfer Qld

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  • Re: Fees for Part Tenancy Transfer Qld
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CarterLesterLawyers
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CarterLesterLawyers

Fees for Part Tenancy Transfer Qld

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‎14-01-2022 11:32 AM

Why is stamp duty correctly assessed for a part tenancy transfer but registration fees are charged on the whole consideration and not the value of the share being transferred?

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Morvanna Community Manager - Queensland
Community Manager - Queensland
Morvanna

Re: Fees for Part Tenancy Transfer Qld

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‎18-01-2022 10:52 AM

Hi @CarterLesterLawyers 

 

If you have any queries regarding registrations fees charged in PEXA it would be best to reach out to Titles Queensland discuss.

 

Kind regards

@Morvanna 

 

 

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KevinJohnson
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KevinJohnson

Re: Fees for Part Tenancy Transfer Qld

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‎24-01-2022 04:21 PM

I don't know whether this will help much, but the relevant fee-fixing regulation in Queensland has -- I think -- from the year dot, set a fee for the  '[transfer] of a lot or an interest in a lot'. 

 

I suppose transfer (stamp) duty is an ad valorem tax whereas registration of a transfer or other dealing involves a service, and there is just as much work required by Titles Queensland for the transfer of an interest in a lot, as distinct from the entirety of the lot.  Perhaps there will often be a bit more work for the former, in that a human brain at Titles (I assume) must check that the transferor as a severing joint, or in common, owner, has a sufficient interest to give effect to the intended transfer.

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