27Partitions of land

27 Partitions of land (1) In determining the duty to be paid on any dutiable transaction that gives effect to a partition or division of any estate in land, the Commissioner must, before assessing the duty (if any) payable on the transaction, deduct from the value of that estate the value of the beneficial interest in that estate held prior to the transaction by the transferee. S. 27(2) inserted by No. 26/2015 s. 19. (2) Subsection (1) does not apply when determining the duty chargeable at the rate set out in section 18A or 28A.