64CCalculation of duty for certain aggregated transactions

64C Calculation of duty for certain aggregated transactions (1) The duty chargeable in the case of transactions that are aggregated under section 24(1) is to be calculated under this section if— (a) at least one of the dutiable transactions is an eligible transfer subject to a reduction of duty under section 64B; and (b) at least one of the dutiable transactions is— (i) a dutiable transaction that is not an eligible transfer; or (ii) an eligible transfer that is subject to a reduction in duty under section 64B calculated on a different percentage to the eligible transfer referred to in paragraph (a). S. 64C(2) amended by No. 14/2020 s. 5. (2) The duty chargeable on aggregated transactions referred to in subsection (1) is the sum of the duty for each dutiable transaction, where the duty for each dutiable transaction is calculated in accordance with the following formula— **D** is the amount of duty that is payable for each dutiable transaction; **A** is the duty that would be chargeable on the aggregated transactions, without taking into account any reduction in duty under section 64B; **B** is the dutiable value of the dutiable transaction; **C** is the total dutiable value of all dutiable transactions that are aggregated; **R** is— (a) if the dutiable transaction is an eligible transfer—the relevant percentage set out in section 64B, expressed as a fraction; or (b) if the dutiable transaction is not an eligible transfer—0. S. 64D inserted by No. 17/2019 s. 32.