If your transaction effects an exchange of one or more items of property for any other property, provide:
- the transaction records (such as a transfer or agreement to transfer)
- a completed Foreign Transfer Duty Declaration Form for each transaction
- copies of any valuations or appraisals conducted on the property within three months of the date of the transactions
- if the property is land
- completed duties valuation forms for all land. Duties valuation forms are not required if a valuation is obtained from a qualified valuer which meets the criteria specified in Commissioner’s Practice TAA 23 ‘Circumstances when a Taxpayer will be Required to Provide a Written Valuation’
- copies of the certificate(s) of title and any plans or diagrams clearly identifying the land
- if the property is a business asset – the latest complete financial statements for the entity that owns the asset
- any other relevant information that may assist in the assessment of duty.
An assessment of duty will not be issued until all required information is provided.