If a transaction involves life and remainder interests in property, provide:
- the transaction record (such as a transfer or agreement to transfer)
- a completed Foreign Transfer Duty Declaration Form
- completed Form FDA27 ‘Duties Valuation – City, Town and Suburban Property’ or Form FDA28 ‘Duties Valuation – Country Land’. These forms are not required if lodging electronically.
You don’t need to provide a valuation form if you provide a valuation by a qualified valuer described in Commissioner’s Practice TAA 30 ‘Valuation of Land for Duties Purposes’. - the date of birth and general health of the person receiving the life tenancy
- any other information that may assist us to assess the duty
An assessment of duty will not be issued until all required information is provided.
