Duty implications of common real property transactions

This note provides an overview of the typical duty consequences relating to certain common real property transactions, in particular, the entry into contracts for sale of land, transactions involving options to acquire land and the grant, transfer (or assignment) or surrender of a lease. It also provides guidance on certain exemptions or concessions from liability for duty, such as for corporate reconstructions, transfers involving custodians, change of trustee transactions and certain leasing transactions.