Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 179B

179B Dutiable value of dutiable transaction for s 179A

(1) For section 179A , in working out the amount of transfer duty that would be imposed under chapter 2 , the dutiable value of the dutiable transaction is the unencumbered value of all Queensland land-holdings of the landholder at the time of the acquisition, reduced by the proportion of the value represented by any excluded interest of the person at the time of the acquisition.

(2) In this section—

"excluded interest" , of a person who makes a relevant acquisition in a public landholder, is any interest constituting the relevant acquisition acquired by the person, or a related person—

(a) before 1 July 2011; or

(b) at a time when the landholder did not hold land in Queensland.