sec.185Deduction—corporate trustee duty

### sec.185 Deduction—corporate trustee duty This section applies if— corporate trustee duty has been paid or is payable on a relevant acquisition under part 2 ; and land-holdings in which the corporate trustee, or relevant corporation for a corporate trustee, has an interest at the time of the relevant acquisition under part 2 , has been included in working out the dutiable value of a relevant acquisition under this part; and the relevant acquisitions are part of the 1 arrangement. Landholder duty imposed on the relevant acquisition must be reduced by the amount of corporate trustee duty paid or payable for the land-holdings to the extent that the land-holdings were included in working out the dutiable value of the relevant acquisition under this part. s 185 amd 2011 No. 20 s 100 (sec.185-ssec.1) This section applies if— corporate trustee duty has been paid or is payable on a relevant acquisition under part 2 ; and land-holdings in which the corporate trustee, or relevant corporation for a corporate trustee, has an interest at the time of the relevant acquisition under part 2 , has been included in working out the dutiable value of a relevant acquisition under this part; and the relevant acquisitions are part of the 1 arrangement. (sec.185-ssec.2) Landholder duty imposed on the relevant acquisition must be reduced by the amount of corporate trustee duty paid or payable for the land-holdings to the extent that the land-holdings were included in working out the dutiable value of the relevant acquisition under this part. - (a) corporate trustee duty has been paid or is payable on a relevant acquisition under part 2 ; and - (b) land-holdings in which the corporate trustee, or relevant corporation for a corporate trustee, has an interest at the time of the relevant acquisition under part 2 , has been included in working out the dutiable value of a relevant acquisition under this part; and - (c) the relevant acquisitions are part of the 1 arrangement.