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My experience in VICTORIA (State of Tyranny) … I was also thinking of gifting property held in my own name as sole proprietor (so I am the legal owner and beneficial owner) into a Trust where I am a co-Trustee and Beneficiary, so I asked via email to SRO that since there is no change in LEGAL ownership or BENEFICIAL ownership no transfer Stamp Duty should be levied but the State Revenue Office VIC advised that a change in the “capacity” in which someone holds property will trigger a dutiable transaction… I checked, it is written in the Duties Act. Can’t find any exemption for “gifting” in same Act. Mark says QLD has that gifting exemption but seems other States might not…? I haven’t researched other States.