Related person or relative

Transfer duty

Related persons are as follows regarding these entities:

• 2 individuals, if they are family members
• 2 corporations, if they are related bodies corporate (that is, one of the corporations is a subsidiary, holding company or subsidiary of a holding company of the other corporation)
• individual and corporation, if the individual or a family member
  • is a majority shareholder, director or secretary of the corporation
  • is a majority shareholder, director or secretary of the corporation’s related body corporate (such as a holding company or a subsidiary)
  • holds a majority interest in the corporation or related body corporate
• individual and trustee, if
  • the individual is a beneficiary of the trust
  • a related person of the individual (that is, a family member or family company) is a beneficiary of the trust
• corporation and trustee, if
  • the corporation is a beneficiary of the trust
  • a related person of the corporation is a beneficiary of the trust
• 2 trustees, if a person is a beneficiary of
  • both trusts
  • one trust and a related person is the beneficiary of the other trust
• partners in a partnership, only for the purposes of additional foreign acquirer duty (AFAD).