Stamping requirements for LRBA holding trust deeds
Whether duty is payable and any requirements of stamping a Holding Trust (or Bare Trust) is dependent on a state by state basis. Where lodgement is required it is advisable to send the holding trust into the revenue office within 30 days of it being executed.
The following information should be used as a guide only. Stamp duty requirements change over time so we suggest contacting your local revenue office or seeking independent legal advice to confirm your stamp duty obligations.
VICTORIA
No duty is payable on a holding trust in Victoria however it is a requirement that the Deed is lodged with SRO. To do this you will need to lodge the Declaration of Trust through an SRO agent on Duties Online or through the SRO’s public lodgement system. Typically a SRO agent will require:
- A scanned copy of the executed Deed.
- A signed document stating that the Deed was executed in Victoria.
Refer to our article on changes to the stamping requirements in Victoria, https://smartersmsf.com/stamping-of-bare-trust-deeds-required-for-lrbas-in-victoria/
NSW
The OSR’s EDR system does not allow agents to duty stamp holding trusts. To have your holding trust stamped in NSW, you will need to drop the deed and the following other documentation to one of their Revenue NSW locations or post it in to them (NB. use trackable post). Duty is payable at $750 from 1 February 2024.
- Original executed AAT
- Copy of the executed SMSF and any related amendments or variations
- Copy of the stamped front page of the contract the AAT relates to
- Copies of bank statements with full account holders names and copies of loan agreements
- Purchaser declaration form (ODA 076 I or ODA 076 NI) which can be downloaded from the Revenue NSW website
Northern Territory
To have your holding trust stamped in the NT you will need to drop the executed Deed along with the contract it relates to the Territory Revenue Office or post it in to them (NB. use trackable post). Duty is payable at $5.
QLD, SA, ACT, TAS & WA
Stamp Duty is not payable on the declaration of Trust.