109Determination of dutiable value of transfer

#### 109 Determination of dutiable value of transfer 109 Determination of dutiable value of transfer > For the purposes of Chapters 2 and 2A, the dutiable value of dutiable property (including residential-related property that is dutiable property) that is subject to a call option assignment is taken to be the greater of— > > > (a) the sum of the consideration for the assignment of the right under the call option and the consideration payable in the event that the call option is exercised (being in either case the amount of monetary consideration or the value of non-monetary consideration), and > > > (b) the unencumbered value of the dutiable property. > > **s 109:** Am 2001 No 34, Sch 4.14 \[8\]. Subst 2003 No 79, Sch 1 \[1\]. Am 2004 No 33, Sch 5.1 \[2\]. Rep 2004 No 96, Sch 1 \[3\]. Ins 2005 No 51, Sch 1 \[14\]. Am 2016 No 32, Sch 1 \[26\].