137ADAssessment of duty

#### 137AD Assessment of duty 137AD Assessment of duty > > (1) The share allotment or unit issue by which a foreign person acquires a residential land use entitlement is chargeable with duty at 9% of the dutiable value of the residential land use entitlement. > > > (2) If any of the acquirers are not foreign persons, duty under subsection (1) is to be charged only on the proportion of the dutiable value of the residential land use entitlement that is the same as the proportion of the total shares or units allotted or issued in respect of the land use entitlement to acquirers who are foreign persons. > > > (3) The dutiable value of the residential land use entitlement is to be determined, for the purposes of this section, in accordance with Part 2 of Chapter 2A, with any necessary modifications. > > **s 137AD:** Ins 2016 No 32, Sch 1 \[29\]. Am 2017 No 33, Sch 2.1 \[2\]; 2024 No 38, Sch 1\[1\].