Land Rich Companies and Trusts

Landholder duty (formerly known as land rich duty)

Landholder duty rules were introduced to stop land owners transferring land by transferring shares in the company that owned the land (or transferring units in a unit trust) and obtaining significant stamp duty savings as the transfer of shares attracts much lower stamp duty than ad valorem duty on the transfer of the land itself.

The rules can be complex and extreme care needs to be taken when transferring shares in a land owning company.

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