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In forcePartnership interests
Chapter 2Transactions concerning dutiable property
Part 2.2Dutiable value
28 Partnership interests
The dutiable value of a partnership interest (DV) is to be determined in accordance with the following formula:
A means the value of the partnership interest, or so much of the consideration for the dutiable transaction as relates to the partnership interest, whichever is the greater.
X means the unencumbered value of all dutiable property of the partnership.
Y means the unencumbered value of all assets of the partnership.
This Act’s bill:Explanatory statementSecond reading speech
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