sec.183Land transferred for shares or units to be disregarded

### sec.183 Land transferred for shares or units to be disregarded This section applies if the relevant acquisition is the issue of shares or units by a landholder to a person in the following circumstances— the shares or units are issued to the person in consideration of a transfer of land to the landholder by the person; transfer duty is paid for the transfer; the land is not the only land of the landholder; the person is not the only shareholder or unit holder of the landholder. In working out the unencumbered value of the Queensland land-holdings of the landholder, the value of the land must be disregarded. s 183 amd 2011 No. 20 s 98 (sec.183-ssec.1) This section applies if the relevant acquisition is the issue of shares or units by a landholder to a person in the following circumstances— the shares or units are issued to the person in consideration of a transfer of land to the landholder by the person; transfer duty is paid for the transfer; the land is not the only land of the landholder; the person is not the only shareholder or unit holder of the landholder. (sec.183-ssec.2) In working out the unencumbered value of the Queensland land-holdings of the landholder, the value of the land must be disregarded. - (a) the shares or units are issued to the person in consideration of a transfer of land to the landholder by the person; - (b) transfer duty is paid for the transfer; - (c) the land is not the only land of the landholder; - (d) the person is not the only shareholder or unit holder of the landholder.