DUTIES ACT 2001 - SECT 45 What is the dutiable value of a partnership acquisition

DUTIES ACT 2001 - SECT 45

45 What is the dutiable value of a partnership acquisition

The dutiable value of a partnership acquisition is the greater of the following—

(a) the consideration for the acquisition so far as the consideration relates to dutiable property, or an indirect interest in dutiable property, held by the partnership;

(b) the value of the acquisition worked out under section 46 or 47 .