Stamp and transfer duty fundamentals
Issued by
The Tax Institute
The earner has demonstrated an understanding of fundamental concepts of the duty regimes across the Australian jurisdictions. Duty is relevant to many transactions and it is important to understand the basic concepts and when to refer a client to a duty specialist. Earners demonstrate an understanding of core principles of how stamp duty is imposed by state and territory governments, calculate the stamp duty payable on a non-complex land transfer, and on a non-complex business sale.
- Time Hours
- Cost Paid
Skills
- Stamp and transfer duties fundamentals
Earning Criteria
-
Explain the core principles of how stamp duty is imposed by state and territory governments.
-
Calculate the stamp duty payable on a non-complex land transfer.
-
Calculate the duty payable on a non-complex business sale.
-
Earners complete 10 hours of online, self-paced, interactive learning, incorporating interactive examples, knowledge checks, case studies and a comprehensive activity.
-
Successful completion of two online, multiple-choice assessments: Assessment 1: 20 multiple-choice questions within 60 minutes. Assessment 2: 6 scenario-based multiple-choice questions within 45 minutes.
-
Achievement of a minimum score of 75% for all assessment tasks.