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Section 89 - Duties Act 2000 - Phasing-in of duty — Zoe

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Duties Act 2000

89Phasing-in of duty

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89 Phasing-in of duty If the unencumbered value of land holdings in Victoria of a landholder exceeds $1 000 000 but does not exceed $2 000 000, the duty chargeable under this Part is to be calculated in accordance with the following formula— A is the unencumbered value of the land holdings in Victoria of the landholder at the time the relevant acquisition was made; and B is the duty that, apart from this section, would be chargeable under this Part. S. 89A substituted by No. 38/2012 s. 5.

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