Particular vestings exemption (s.125) - Queensland Revenue Office

Is there a vesting of dutiable property in a receiver or trustee in bankruptcy?

A receiver or trustee in bankruptcy is someone who is appointed to manage the affairs of a person who has been declared bankrupt.

Will the property be transferred back to the bankrupt person after they are discharged from bankruptcy?

Do you have a copy of the National Personal Insolvency Index?

Do you have a copy of the discharge from bankruptcy?

Is the document (Form 14 general request, transfer etc.) made in accordance with section 125 of the Duties Act?

Based on the information that you have provided, the transaction is not exempt under section 125 of the Duties Act 2001.

Duty must be assessed on the unencumbered value of the property and the transfer duty rates will apply.

For audit purposes, you must keep:

You must keep all records for 5 years in accordance with section 118 of the Taxation Administration Act 2001.

Your file reference:

Client name:

Transaction number:

Name:

Date:

Based on the information that you have provided, the transaction is exempt under section 125 of the Duties Act 2001.

For audit purposes you must keep: