26Partitions of marketable securities

26 Partitions of marketable securities In determining the duty to be paid on any dutiable transaction that gives effect to a partition or division of any marketable securities the Commissioner must, before assessing the duty (if any) payable on the transaction, deduct from the value of those marketable securities the value of the beneficial interest in those marketable securities held prior to the transaction by the transferee. S. 27 amended by No. 26/2015 s. 19 (ILA s. 39B(1)).