DUTIES ACT 2001 - SECT 218
Apportionment—head office or principal place of business in Queensland
DUTIES ACT 2001 - SECT 218
Apportionment—head office or principal place of business in Queensland
218 Apportionment—head office or principal place of business in Queensland
(1) This section applies for determining the unencumbered value of
dutiable property that is a Queensland business asset, other than a debt or
personal property, of a Queensland business that has its head office or
principal place of business in Queensland if, at any time during the 3
financial years preceding the relevant acquisition concerned—
(a) a supply
of land, money, credit or goods or any interest in them, or provision of
services, has been made by the business to customers outside Queensland; or
(b) the asset has been used, exploited or exercised in, or relates to, a place
outside Queensland.
(2) A reference in this chapter to the unencumbered value
of the property is taken to be a reference to the amount (the
"apportioned amount" ) worked out using the following formula— where—
"OS" means the gross amount of the supplies and provision of services made by
the business to its customers in other States during the 3 completed financial
years preceding the relevant acquisition.
"TS" means the gross amount of supplies and provision of services made by the
business to all its customers during the 3 completed financial years preceding
the relevant acquisition.
"UV" means the unencumbered value of the Queensland business asset mentioned
in subsection (1) .
(3) However, the commissioner may decide the
unencumbered value of the dutiable property on another basis if the
commissioner is satisfied the other basis would be more appropriate in
particular circumstances.