DUTIES ACT 2001 - SECT 171 Value of land-holdings in uncompleted agreement for transfer included

DUTIES ACT 2001 - SECT 171

171 Value of land-holdings in uncompleted agreement for transfer included

To remove any doubt, it is declared that the unencumbered value of the land the subject of a purchase agreement or sale agreement made by the entity or a subsidiary of the entity must be included in working out the unencumbered value of an entity’s land-holdings.