ACTIn ForceAct
Duties Act 1999
28Partnership interests
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28 Partnership interests The dutiable value of a partnership interest (DV) is to be determined in accordance with the following formula: DV = A × X Y A means the value of the partnership interest, or so much of the consideration for the dutiable transaction as relates to the partnership interest, whichever is the greater. X means the unencumbered value of all dutiable property of the partnership. Y means the unencumbered value of all assets of the partnership.