I live in Western Australia and want to transfer farming land to a family member. How would this be treated for stamp duty purposes?
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Answer by Cressy Wallwork, Swanbourne 6010 WA
· In Western Australia a dutiable transaction over farming land to a family member is exempt from transfer duty if:
o the transferor is using the land in the business of primary production immediately before the transfer; and
o the transferee intends to to continue to use the land for primary production.