sec.187Deduction—transfer duty for marketable securities

### sec.187 Deduction—transfer duty for marketable securities This section applies if— transfer duty is paid or payable for marketable securities the subject of a dutiable transaction or an equivalent duty in another State is paid or payable for the marketable securities; and the dutiable transaction is a relevant acquisition. Landholder duty imposed on the relevant acquisition must be reduced by an amount worked out using the following formula— where— LV means the unencumbered value of all Queensland land-holdings of the landholder at the time of the relevant acquisition. PV means the unencumbered value of all the property of the landholder at the time of the relevant acquisition. R means the amount of the reduction. TD is the transfer or equivalent duty paid or payable for the marketable securities. s 187 amd 2011 No. 20 s 102 (sec.187-ssec.1) This section applies if— transfer duty is paid or payable for marketable securities the subject of a dutiable transaction or an equivalent duty in another State is paid or payable for the marketable securities; and the dutiable transaction is a relevant acquisition. (sec.187-ssec.2) Landholder duty imposed on the relevant acquisition must be reduced by an amount worked out using the following formula— where— LV means the unencumbered value of all Queensland land-holdings of the landholder at the time of the relevant acquisition. PV means the unencumbered value of all the property of the landholder at the time of the relevant acquisition. R means the amount of the reduction. TD is the transfer or equivalent duty paid or payable for the marketable securities. - (a) transfer duty is paid or payable for marketable securities the subject of a dutiable transaction or an equivalent duty in another State is paid or payable for the marketable securities; and - (b) the dutiable transaction is a relevant acquisition.