The Queensland Court of Appeal held that the Commissioner of Stamp Duties was correct to include 'work in progress' as part of the unencumbered value of a partnership interest transferred on which duty was assessed. The transfer was properly assessable under the Conveyance or Transfer heading in Schedule 1 to the Stamp Act 1894 (Qld). The Court found it unnecessary to address questions relating to whether rectification of the deed created irreconcilable inconsistencies between provisions of the same contract.
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