15
In forceWhen unencumbered value of property is determined
Chapter 2Transfer duty
Part 2Some basic concepts for transfer duty
15 When unencumbered value of property is determined
The unencumbered value of dutiable property is determined—
(a)
for a dutiable transaction that is the surrender of the property—immediately before the surrender; or
(b)
for another dutiable transaction—when the liability for transfer duty arises.
This Act’s bill:Explanatory memorandum
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