Annulled agreements
If an agreement for the sale or transfer of dutiable property that is rescinded or annulled, it is not liable to duty and the duty paid will be refunded if:
the agreement was not rescinded or annulled to give effect to a subsale, or
the purchaser or transferee under the agreement is a promoter of a named company proposed to be incorporated and that the company is the purchaser or transferee of the dutiable property under a subsequent agreement, or
related persons when the agreement that is rescinded or annulled was entered into.
Last updated: 2008-05-09
