Shares in a business considered to be a land-rich corporation are also subject to stamp duty. In Victoria ‘land rich’ provisions are triggered if the following elements are present:

 

If the ‘land rich’ provisions are satisfied, stamp duty is charged on the land transfer rates rather than the share transfer rates. If a stamp duty assessment is not paid, the tax commissioner has the right to put a charge over the property.  Bodies that provide or promote outdoor sporting activities.