Transfer of lease
A transfer or assignment of a lease often involves a sale of other dutiable property, such as business assets, a partnership interest or goods in NSW.
Rate of duty payable on a transfer or assignment of lease
A transfer or assignment of lease is liable to duty at the following rate:
If the transfer of lease is pursuant to the sale of dutiable property, the transfer will be charged with duty of $2.
Refer to transfer of land and business for more information on the sale of dutiable property.
Transfer of lease with no connection to a sale of dutiable property
Sometimes a transfer of lease is not connected with any other dutiable transactions involving other dutiable property.
Duty will be payable on the consideration paid for the transfer. If the consideration is $1 or if there is no consideration, a minimum duty of $10 is payable.
To make a claim for a lease with no connection to the sale of dutiable property, print and fill out the required OSR form ODA020 and send it together with the transfer or assignment of lease and a copy of the lease. The address details are provided on the form.
OSRAssist
OSRAssist takes you through a series of questions and gives you an indication of whether or not you need to pay duty or are entitled to an exemption.
