104ZAWhat is the “dutiable value” of a partnership interest?

104ZA What is the “dutiable value” of a partnership interest?

104ZA What is the “dutiable value” of a partnership interest?

(cf section 29)

The dutiable value of a partnership interest (DV) is to be determined in accordance with the following formula—

where—

A is the value of the partnership interest, or so much of the consideration for the surcharge duty transaction as relates to the partnership interest, whichever is the greater, and

X is the unencumbered value of all residential-related property of the partnership, and

Y is the unencumbered value of all assets of the partnership.

ch 2A, pt 2 (ss 104Z–104ZD): Ins 2016 No 32, Sch 1 [14].