Transfer of lease toolkit

This toolkit brings together everything you need to know about self assessing duty on the transfer of a lease.

A lease is an interest in land, therefore any transfer of lease will be dutiable as a transfer of land. If you are a registered self assessor and are dealing with a transfer of lease, you must self assess it in OSRconnect.

Calculating transfer duty on a transfer of lease is done the same way as any other land interest transfer - the rate of duty will apply to the higher of the consideration (including GST, if applicable) paid for the transfer or the lease's unencumbered value.

An exemption may apply in certain cases.

Assessing a transfer of lease

A transfer of lease is usually pursuant to a business contract, so you can stamp it as you would any other pursuant transfer. Find out about endorsing transactions as a self assessor.

If the transfer is not pursuant to a business contract, you will need to treat it as the primary document for the transaction and assess it in OSRconnect. Depending on the type of land, follow either the residential land transfer procedure or non-residential land transfer procedure to learn how to lodge the transfer online.

Records you need to keep

For this type of transaction, you must keep a completed dutiable transaction statement (Form D2.2).

Find out more about your record keeping obligations.

Section 146 exemption

Section 146 of the Duties Act 2001 provides an exemption for the acquisition of a new right that is the lease of a dwelling (e.g. in a retirement village) or a site agreement.

Exemptions under section 146 cannot be self assessed. If you believe this exemption applies to a transaction, you must lodge the documents, including a cover letter and dutiable transaction statement (Form D2.2), with the Office of State Revenue for assessment.

Find out more about lodging documents for assessment.

Also consider...

Contact

Office of State Revenue
For transfer duty self assessment queries:

For queries on payroll tax, land tax and royalties:

  • call 1300 300 734 (Australia) or +61 7 3179 2500 (overseas)
  • send an email using our online enquiry form.