(1) The consideration
for a dutiable transaction includes —
(a) the
amount of any liabilities assumed under the transaction, including an
obligation, whether contingent or otherwise, to pay any unpaid purchase money
payable under an agreement for the transfer of dutiable property; and
(b) the
amount or value of any debt to the extent it is released or extinguished under
the transaction.
(2) If the
consideration, or any part of the consideration, for a dutiable transaction on
which duty is chargeable consists of an amount payable periodically and the
total amount to be paid can be ascertained, the consideration or part of the
consideration is the total amount.
(3) It does not matter
whether the consideration for a transaction on which duty is chargeable is
paid or given or is required to be paid or given.