Queensland Consolidated Acts Queensland Consolidated Acts(1) The dutiable value of a statutory dutiable transaction is the amount payable for the transaction.
(2) The dutiable value of a dutiable transaction that is a partition is determined under section 31.
(3) The dutiable value of a dutiable transaction that is the surrender of a lease of land in Queensland is the total of any premium, fine or other consideration payable for the surrender.
(4) The dutiable value of a dutiable transaction that is the acquisition of a new right that is a lease of land in Queensland is the total of any of the following amounts payable for the lease--
(a) premiums, fines or other consideration payable for the grant of the lease;
(b) consideration paid for, or the value of, any moveable chattels taken over by the lessee from the lessor or outgoing lessee;
(c) if, on the leased premises, a business is to be carried on and an amount in excess of what would be the rent if a business was not carried on is charged for the lease--the excess amount.
(5) The dutiable value of a dutiable transaction that is a partnership acquisition is determined under part 7, division 3.
(6) The dutiable value of a dutiable transaction that is a trust acquisition or trust surrender is determined under part 8, division 5.
(7) Subject to section 48, the dutiable value of another dutiable transaction is--
(a) the consideration for the dutiable transaction; or
(b) the unencumbered value of the dutiable property or new right the subject of the transaction if--
(i) there is no consideration for the transaction; or
(ii) the consideration can not be ascertained when the liability for transfer duty arises; or
(iii) the unencumbered value is greater than the consideration for the transaction.
(8) However, the dutiable value of particular dutiable transactions is subject to apportionment under part 4.