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Transfers—Related Party Transfer (QLD)

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Morvanna Community Manager - Queensland
Community Manager - Queensland
Morvanna

Transfers—Related Party Transfer (QLD)

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‎06-11-2019 05:42 PM - edited ‎12-11-2019 11:09 AM

NOTE: Given that the transfer of the whole title from A and B to B is currently allowed by DNRME but cannot be facilitated by OSRconnect, it would be appropriate to advise self assessors/PEXA subscribers that scenarios such as the one below, cannot be handled in the ELN environment at this time.

 

 Only duty exempt fractional transfers can be processed in PEXA in QLD:

 

Some related party transfers are in scope for QLD, however we strongly urge you to speak to your PDS prior to commencing a related party transfer. A fractional interest of related parties that may be subject to transfer duty cannot be processed. A fractional interest transfer (e.g. A & B on title, A wants to transfer their interest to B), that is exempt from duty under eligible exemption rulings can be completed on PEXA.  

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