32XG
In forcePhasing-in of duty
Chapter 2Transactions concerning dutiable property
Part 4BAcquisition of economic entitlements in relation to relevant land
32XG Phasing-in of duty
If the unencumbered value of relevant land in relation to which an economic entitlement is acquired exceeds $1 000 000 but does not exceed $2 000 000, duty is chargeable under this Chapter in accordance with the following formula—
where—
A is the unencumbered value of the relevant land;
B is the duty that, apart from this section, would be chargeable under this Chapter on the acquisition of the economic entitlement.
S. 32XH inserted by No. 17/2019 s. 10.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.