DUTIES ACT 2001 - SECT 90 What is the dutiable value of residential land or vacant land

DUTIES ACT 2001 - SECT 90

90 What is the dutiable value of residential land or vacant land

(1) Subsection (2) applies to a dutiable transaction that is 1 of the following in relation to residential land or vacant land—

(a) a transfer, or agreement for the transfer, of the land;

(b) an acquisition, mentioned in section 85 (b) , of a lease of the land;

(c) a vesting, mentioned in section 85 (c) , of the land.

(2) The
"dutiable value" of the land to which the transaction relates is as follows—

(a) for a transaction mentioned in subsection (1) (a) or (c) —the part of the dutiable value of the transaction that is attributable to the land;

(b) for a transaction mentioned in subsection (1) (b) —the part of the dutiable value of the transaction that is attributable to the interest acquired in the land.