South Australian Consolidated Acts South Australian Consolidated Acts15A—Ascertainment of value of property
(1) If the value of
property is to be ascertained by reference to an actual or notional cost of
acquisition, any component of the cost of acquisition that is referable to GST
payable on its sale or supply is to be regarded as a component of its value.
(2) In ascertaining
the value of property for the purpose of assessing ad valorem duty on an
instrument, the existence of an overriding power of revocation or reconveyance
in that or any other instrument may be disregarded.