Various of the words or expressions in ITA 2007, s. 681AA(1), (2) and 681AB(1), (2) above are explained further in the legislation.

Transfer of land or estate or interest in land

The legislation provides that the reference to a transfer of an ‘estate or interest in land’ includes any of:

(a)the granting of a lease or another transaction involving the creation of a new estate or interest in the land;

(b)the transfer of the lessee's interest under a lease by surrender or forfeiture of the lease; and

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