32XD
In forceEconomic entitlement taken to be beneficial ownership of relevant land
Chapter 2Transactions concerning dutiable property
Part 4BAcquisition of economic entitlements in relation to relevant land
32XD Economic entitlement taken to be beneficial ownership of relevant land
(1)
A person who acquires an economic entitlement in relation to relevant land is taken to have acquired beneficial ownership of the relevant land and, subject to this Part, duty is chargeable under this Chapter accordingly.
(2)
For the purposes of subsection (1), the beneficial ownership of the relevant land that a person is taken to have acquired is a percentage determined under section 32XE.
S. 32XE inserted by No. 17/2019 s. 10.
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