Which transactions can be self assessed?

Transactions to be self assessed

• Transfers/agreements for transfer of land (real and commercial property) in Queensland including land transfers between related or associated parties. If the transfer is between related or associated parties, you must keep independent evidence of the value on file.
• Transfers by direction.
• Transfers of Queensland business assets, including the transfer of management rights and assignments. If the transfer is between related or associated parties, you must keep independent evidence of the value on file.

Note: Vehicle registration transfer applications that accompany any business contract must be lodged with us for endorsement (include a copy of the stamped business contract).

• Easements.
• Surrenders of Easements.
• Surrenders of leases.
• Water allocations.
• Transfers of Queensland mortgages.
• Option agreements.
• Transfers of lease.
• Transactions exempt under section 90 of the Family Law Act 1975 (Cwlth).
• Transactions exempt under section 90L of the Family Law Act.
• Transactions exempt under section 90WA of the Family Law Act.
• Transactions that fall under section 422(a) and (c) of the Duties Act 2001—de facto relationship instrument (exempt under section 424).
• Exemptions under the following sections of the Duties Act
  • section 117—effecting the retirement of a trustee or the appointment of a new or additional trustee
  • section 124—deceased person’s estate
  • section 143—effecting a change from joint tenants to tenants in common, or vice versa
  • section 147—surrender of lease 
  • section 151—particular residences relating to subsisting marriages or de facto relationships.

Transactions not to be self assessed

• Land transfers where the property is transferred to someone other than the named purchaser because of a pre-existing nominee agreement. The purchaser will be described on the contract of sale as '… and/or nominee'. See Public Ruling DA022.1—Nominee agreements—under an agency relationship. 
• Transfers exempt under section 414 of the Duties Act—where an exempt institution acquires dutiable property for an exempt purpose.
• Multi-jurisdictional business transactions.
• Transfers of vehicle registrations that form part of a business contract.
• Family law and de facto relationship matters listed below
  • transactions executed before and conditional upon the making of an order of a court and subject to escrow requirements
  • transactions not made in accordance with or at a specific direction of a financial agreement, court order or recognised agreement
  • transactions made in accordance with a financial agreement where the parties have not formally separated and no separation declaration is available
  • financial agreements and de facto transactions involving third parties.
• Transactions not made in accordance with or at a specific direction of a will.
• Concessions for dutiable transactions for particular family businesses.
• Concessions for superannuation.
• Partnership transactions.
• Corporate trustee transactions.
• Corporate reconstruction.
• Land rich acquisition.
• Grant or surrender of life interest.
• Form 14 requests.
• Trust acquisition or trust surrender.
• Exemptions not listed under the heading ‘transactions that are to be self assessed’.

You must not make reassessments unless expressly authorised to do so in your notice of registration as a self assessor.