CTHRepealedAct
Gift Duty Assessment Act 1941
17Value of gift where consideration inadequate
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##### 17 Value of gift where consideration inadequate
Where any disposition of property is made and consideration in money or money’s worth passes from the disponee to the disponor but the disposition constitutes a gift for the purposes of this Act by reason of the consideration not being, or, in the opinion of the Commissioner, not being, fully adequate, the value of the gift shall, for the purposes of this Act, be the extent of that inadequacy.