Company deregistration exemptions

Section 199(1)(f) of the ​​​​​Duties Act 2001​ allows for a motor vehicle to be transferred without duty if the transfer is in the course of the distribution of assets of a company because of the deregistration or winding-up of the company.

 

Eligibility

To be eligible for this exemption: 

  • the transfer must be in the course of a distribution of assets of a company because of the winding-up or deregistration of the company; and
  • the new registered operators should be in accordance with the shareholder's entitlement in the assets of the company immediately before the application to transfer.

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How to apply

To apply for the company deregistration duty exemption: ​

  • Send an email to dutyhelp@treasury.tas.gov.au requesting an exemption under section 199(1)(f). 
  • Attach the appropriate supporting documentation.

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​​​Supporting documentation

Applications must include the following supporting information:

  • ​Evidence showing who the shareholders of the company were immediately prior to the deregistration or winding-up (eg. an ASIC company search showing the shareholder details); and​
  • Copies of documentation lodged with ASIC to deregister/wind-up the company.


 

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