Annulled agreements
Where an agreement is for the sale or transfer of dutiable property that has been rescinded or annulled, it is not liable to duty and the duty paid will be refunded if:
the agreement was not rescinded or annulled to give effect to a subsale, or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
that the purchaser or transferee under the agreement and the purchaser or transferee under a subsequent agreement relating to the same dutiable property were related persons when the agreement that is cancelled was entered into.
Last updated: 04-Jun-2010