sec.12Consideration for dutiable transactions—general

### sec.12 Consideration for dutiable transactions—general The consideration for a dutiable transaction includes— the amount of any liabilities assumed under the transaction, including an obligation, whether contingent or otherwise, to pay any unpaid purchase money payable under an agreement for the transfer of dutiable property; and the amount or value of any debt to the extent it is released or extinguished under the transaction. If the consideration, or any part of the consideration, for a dutiable transaction on which duty is imposed consists of an amount payable periodically and the total amount, including any interest, to be paid can be ascertained, the consideration or part of the consideration is the total amount. For other provisions relevant to consideration, see sections 501 to 503 . (sec.12-ssec.1) The consideration for a dutiable transaction includes— the amount of any liabilities assumed under the transaction, including an obligation, whether contingent or otherwise, to pay any unpaid purchase money payable under an agreement for the transfer of dutiable property; and the amount or value of any debt to the extent it is released or extinguished under the transaction. (sec.12-ssec.2) If the consideration, or any part of the consideration, for a dutiable transaction on which duty is imposed consists of an amount payable periodically and the total amount, including any interest, to be paid can be ascertained, the consideration or part of the consideration is the total amount. For other provisions relevant to consideration, see sections 501 to 503 . - (a) the amount of any liabilities assumed under the transaction, including an obligation, whether contingent or otherwise, to pay any unpaid purchase money payable under an agreement for the transfer of dutiable property; and - (b) the amount or value of any debt to the extent it is released or extinguished under the transaction.