Buying shares or units
In most cases duty is not payable on the transfer of shares or units.
There are three specific exceptions where duty may be payable:
- if the shares or units are in a Land-rich corporation (before 6 December 2016); or
- if the shares or units are in a landholder (from 6 December 2016 onwards); or
- if the shares are in a company, or are units in a unit trust, that gives the owner the right to occupy land or property in Tasmania (ie. a land use entitlement). In this case you may need to complete a Land use entitlement aquisition statement.