216A
In forceCalculation of dutiable proportion—goodwill and intellectual property
Chapter 7Mortgages
Part 2Calculating the amount secured by a mortgage
216A Calculation of dutiable proportion—goodwill and intellectual property
For the purposes of this Chapter, if the property secured by a mortgage includes the goodwill of a business or intellectual property, the goodwill or intellectual property is taken to be property in New South Wales to the extent that it would have comprised a business asset under Chapter 2 if it had been transferred to the mortgagor immediately before the liability date, which has a value equivalent to the dutiable value of such a transfer.
This Act’s bill:Explanatory memorandumSecond reading speech
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