4AUnencumbered value

4A Unencumbered value (1) The unencumbered value of property is the full value of the property free from encumbrances (including any GST payable on the supply of the property). (2) The unencumbered value of land is to be determined with regard to: (a) the use of the land that would best enhance its commercial value; and (b) commercial advantages (such as goodwill) that: (i) attach to the location or other aspects of the land; and (ii) would affect the price that a reasonable purchaser would be willing to pay for the land; and

Stamp Duty Act 1978 13 (c) information about the land that would, if known to a reasonable purchaser, affect the price the purchaser would be willing to pay for the land. Examples