Particular residences exemption (s.151) toolkit

1. Select Transfer of residential land as the Transaction class.
2. Select Transfer of dutiable property as the Type of dutiable transaction.
3. Select Land in Queensland as the Type of dutiable property.
4. Enter both transferees with equal shares to obtain the section 151 exemption.
5. Answer Yes to the question: Is the consideration for this transaction less than the unencumbered value of the property included in this transaction?
6. Enter the unencumbered value of 100% interest in property if known; if unknown, enter $0.00 (nil).
7. Answer Yes to the question: Is an exemption being claimed?
8. Select s.151 exemption particular residences from the Exemption type drop-down list.
9. Answer No to the question: Does this transaction form part of an arrangement that includes other dutiable transactions (Section 30)?

1. Select Transfer of residential land as the Transaction class.
2. Select Transfer of dutiable property as the Type of dutiable transaction.
3. Select Land in Queensland as the Type of dutiable property.
4. For section 151 exemptions with a non‐residential component, enter only the details of the transferee who is gaining an interest. For example, the Form 1 transfer may show the transferor (Party A) transferring to the transferees (Party A and Party B). Party A is reducing their interest, and Party B (their spouse) is gaining an interest. Therefore only Party B is entered in the Transferee section.
5. Enter the interest acquired by the transferee as ½.
6. Select s.151 exempt + non‐residential property from the Concession type drop‐down list.
7. Answer Yes to the question: Is the consideration for this transaction less than the unencumbered value of the property included in this transaction?
8. Enter the unencumbered value of 100% interest in property (as per the valuation).
   You must keep evidence of value for all property being transferred, showing separate values for the residential and non‐residential components.
9. Answer the question What is the unencumbered value of any non‐residential land? (as per the valuation).
10. Answer No to the question: Is an exemption being claimed?
    This is because the s.151 category has already been selected as the concession type for the transferee.
11. Answer No to the question: Does this transaction form part of an arrangement that includes other dutiable transactions (Section 30)?

ELN workspace

1. Create the Form 1 Transfer and Form 24 in your ELN workspace.
2. Select Duty paid to the Commissioner prior to settlement when you enter the duty information. This is because there is no liability for the exempt transaction.
3. Record the draft QRO Online transaction number allocated to the transaction.

QRO Online

4. In QRO Online go the Transfer duty—dashboard for the registered self assessor.
5. Select Lodgements from the side menu.
6. Identify the draft QRO Online transaction number from the list and select Lodge.
7. Check the pre-filled information from your ELN Workspace. If anything is incorrect:
   • Exit the QRO Online transaction.
   • Update the ELN Workspace.
   • Select Verify in the workspace to update the draft transaction.

Identification

8. Insert your file reference.
9. Select Transfer of residential land as the Transaction class.
10. Select ELN Lodgement (no agreement) as the Type of dutiable transaction. (If you select a relevant transfer agreement (s.156D), the exemption question will not display.)
11. Leave the Unconditional date blank.

Document details

Transferor (Click the pencil to edit.)

12. Indicate whether the transferor is a non-Australian entities.
13. Insert contact details.

Transferees (Click the pencil to edit.)

14. Indicate whether the transferees are non-Australian entities.
15. Enter contact details including an email address and contact phone number.
16. Do not enter a concession type.

Transaction details

Consideration

17. Answer Yes to the question: Is the consideration for this transaction less than the unencumbered value of the property included in this transaction?
18. Enter $0.00 (nil) as the unencumbered value of 100% interest in property.

Exemption

19. Answer Yes to the question: Is an exemption being claimed?
20. Select s.151 Exemption particular residence from the drop-down list.

Aggregation

21. Answer No to the question: Does this transaction form part of an arrangement that includes other dutiable transactions (Section 30 applies)?

Liabilities

No action is required. Nil liability will be displayed.

Declaration

22. Complete the declaration and check the 2 boxes to acknowledge the statements.

Next steps

23. Select Review. Check that all data are correct before you submit the transaction. Errors will display in the top-right corner of the screen. Once any errors are resolved, you can submit the transaction.