DUTIES ACT 2001 - SECT 15 When unencumbered value of property is determined
DUTIES ACT 2001 - SECT 15
When unencumbered value of property is determined15 When unencumbered value of property is determined
The unencumbered value of dutiable property is determined—
(a) for a dutiable transaction that is the surrender of the property—immediately before the surrender; or
(b) for another dutiable transaction—when the liability for transfer duty arises.