DUTIES ACT 1997 - SECT 104ZA What is the "dutiable value" of a partnership interest?
DUTIES ACT 1997 - SECT 104ZA
What is the "dutiable value" of a partnership interest?104ZA What is the "dutiable value" of a partnership interest?
(cf section 29)
The dutiable value of a partnership interest (
"DV" ) is to be determined in accordance with the following formula--
"A" is the value of the partnership interest, or so much of the consideration for the surcharge duty transaction as relates to the partnership interest, whichever is the greater, and
"X" is the unencumbered value of all residential-related property of the partnership, and
"Y" is the unencumbered value of all assets of the partnership.
