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DUTIES ACT 2001 - SECT 13 Consideration for dutiable transaction—transfer by way of security

DUTIES ACT 2001 - SECT 13

Consideration for dutiable transaction—transfer by way of security

13 Consideration for dutiable transaction—transfer by way of security

The consideration for the transfer by way of security of dutiable property that is land is an amount equal to the unencumbered value of the dutiable property when the liability for transfer duty arises.