Calculation of life estates
Status: Current
Version Number: 1
Legislation: Stamp Duties Act 1923
Date Issued: 4 June 2015
Revenue Rulings do not have the force of law.
Ruling
Where a transaction involves the creation or surrender of a life estate or a remainder estate, the value of the interest passing will be determined with reference to tables produced by the Australian Government Actuary.
The life tenant factors have been calculated by the Australian Government Actuary, on behalf of RevenueSA, based on the Australian Life Tables 2010-12 using a discount rate of 5% per annum.
The table below indicates the life tenant factors to be used in situations where a life estate or a remainder estate is to be determined for stamp duty purposes.
The Australian Life Tables are expected to be updated in mid 2019. Once the new tables are released, a new Revenue Ruling will be issued with updated life tenant factors.
Life Tenant Factors based on Australian Life Tables 2010-12 at 5% per annum
| Age | Male Factor | Female Factor |
|---|---|---|
| 0 | 0.96781 | 0.97497 |
| 1 | 0.97030 | 0.97707 |
| 2 | 0.96915 | 0.97619 |
| 3 | 0.96782 | 0.97517 |
| 4 | 0.96634 | 0.97404 |
| 5 | 0.96478 | 0.97286 |
| 6 | 0.96314 | 0.97160 |
| 7 | 0.96141 | 0.97027 |
| 8 | 0.95958 | 0.96887 |
| 9 | 0.95766 | 0.96740 |
| 10 | 0.95563 | 0.96583 |
| 11 | 0.95350 | 0.96420 |
| 12 | 0.95126 | 0.96248 |
| 13 | 0.94892 | 0.96068 |
| 14 | 0.94649 | 0.95880 |
| 15 | 0.94397 | 0.95686 |
| 16 | 0.94137 | 0.95486 |
| 17 | 0.93873 | 0.95282 |
| 18 | 0.93611 | 0.95071 |
| 19 | 0.93346 | 0.94849 |
| 20 | 0.93072 | 0.94617 |
| 21 | 0.92785 | 0.94374 |
| 22 | 0.92482 | 0.94117 |
| 23 | 0.92165 | 0.93849 |
| 24 | 0.91832 | 0.93566 |
| 25 | 0.91484 | 0.93269 |
| 26 | 0.91121 | 0.92959 |
| 27 | 0.90741 | 0.92633 |
| 28 | 0.90345 | 0.92292 |
| 29 | 0.89932 | 0.91935 |
| 30 | 0.89501 | 0.91562 |
| 31 | 0.89051 | 0.91174 |
| 32 | 0.88582 | 0.90767 |
| 33 | 0.88093 | 0.90343 |
| 34 | 0.87583 | 0.89900 |
| 35 | 0.87051 | 0.89439 |
| 36 | 0.86495 | 0.88958 |
| 37 | 0.85916 | 0.88456 |
| 38 | 0.85311 | 0.87934 |
| 39 | 0.84681 | 0.87390 |
| 40 | 0.84024 | 0.86823 |
| 41 | 0.83340 | 0.86233 |
| 42 | 0.82628 | 0.85619 |
| 43 | 0.81888 | 0.84981 |
| 44 | 0.81119 | 0.84317 |
| 45 | 0.80320 | 0.83627 |
| 46 | 0.79492 | 0.82910 |
| 47 | 0.78633 | 0.82165 |
| 48 | 0.77744 | 0.81391 |
| 49 | 0.76823 | 0.80587 |
| 50 | 0.75871 | 0.79752 |
| 51 | 0.74886 | 0.78886 |
| 52 | 0.73869 | 0.77986 |
| 53 | 0.72818 | 0.77053 |
| 54 | 0.71735 | 0.76084 |
| 55 | 0.70617 | 0.75077 |
| 56 | 0.69463 | 0.74032 |
| 57 | 0.68271 | 0.72949 |
| 58 | 0.67041 | 0.71826 |
| 59 | 0.65773 | 0.70663 |
| 60 | 0.64466 | 0.69459 |
| 61 | 0.63123 | 0.68216 |
| 62 | 0.61742 | 0.66931 |
| 63 | 0.60327 | 0.65601 |
| 64 | 0.58877 | 0.64228 |
| 65 | 0.57393 | 0.62809 |
| 66 | 0.55876 | 0.61346 |
| 67 | 0.54323 | 0.59838 |
| 68 | 0.52736 | 0.58287 |
| 69 | 0.51113 | 0.56694 |
| 70 | 0.49457 | 0.55062 |
| 71 | 0.47772 | 0.53390 |
| 72 | 0.46060 | 0.51682 |
| 73 | 0.44328 | 0.49942 |
| 74 | 0.42581 | 0.48169 |
| 75 | 0.40825 | 0.46365 |
| 76 | 0.39066 | 0.44533 |
| 77 | 0.37310 | 0.42674 |
| 78 | 0.35563 | 0.40792 |
| 79 | 0.33830 | 0.38893 |
| 80 | 0.32117 | 0.36985 |
| 81 | 0.30431 | 0.35080 |
| 82 | 0.28779 | 0.33188 |
| 83 | 0.27167 | 0.31322 |
| 84 | 0.25603 | 0.29492 |
| 85 | 0.24095 | 0.27709 |
| 86 | 0.22649 | 0.25984 |
| 87 | 0.21268 | 0.24325 |
| 88 | 0.19956 | 0.22742 |
| 89 | 0.18726 | 0.21240 |
| 90 | 0.17573 | 0.19825 |
| 91 | 0.16518 | 0.18507 |
| 92 | 0.15553 | 0.17288 |
| 93 | 0.14693 | 0.16176 |
| 94 | 0.13934 | 0.15174 |
| 95 | 0.13282 | 0.14279 |
| 96 | 0.12711 | 0.13486 |
| 97 | 0.12216 | 0.12776 |
| 98 | 0.11753 | 0.12170 |
| 99 | 0.11348 | 0.11609 |
Approved by
Mike Walker, Commissioner of State Taxation