Australian Capital Territory Numbered Acts

DUTIES ACT 1999 - SECT 20

(1)     The dutiable value of dutiable property that is subject to a dutiable transaction is the greater of—

        (a)     the consideration (if any) for the dutiable transaction (being the amount of a monetary consideration or the value of a non-monetary consideration); and

        (b)     the unencumbered value of the dutiable property.

(2)     The dutiable value of a business asset referred to in paragraph 10 (g) that also has a relevant connection with the Commonwealth or another Australian jurisdiction is to be apportioned in accordance with section 27.

(3)     The dutiable value of a partnership interest referred to in section 28 is to be determined in accordance with that section.