216ACalculation of dutiable proportion—goodwill and intellectual property

216A Calculation of dutiable proportion—goodwill and intellectual property

216A Calculation of dutiable proportion—goodwill and intellectual property

For the purposes of this Chapter, if the property secured by a mortgage includes the goodwill of a business or intellectual property, the goodwill or intellectual property is taken to be property in New South Wales to the extent that it would have comprised a business asset under Chapter 2 if it had been transferred to the mortgagor immediately before the liability date, which has a value equivalent to the dutiable value of such a transfer.

s 216A: Ins 2010 No 46, Sch 1.3 [30].