What happens if there is no written instrument associated with my purchase?

·         If there is no written instrument to evidence the purchase or transfer of property you will need to submit a completed form to the revenue office in your state or territory within three months of the liability arising. The liability to pay stamp duty will have begun on the date of transfer or purchase.

·         You will need to provide a valuation from a registered valuer or an independent accountant if the transaction is not considered to be at 'arms length'. An 'arms length' transaction refers to a situation in which both parties to a purchase or transfer are not related to each other, independent and on equal footing.