Duties CP - Dutiable Value of a Partnership Acquisition

Commissioner’s practice
DA 1 - How the dutiable value of a partnership acquisition is calculated.
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This Commissioner’s practice identifies how the dutiable value of a partnership acquisition is calculated.

Background

Section 10 of the Duties Act 2008 (‘Duties Act’) imposes duty on dutiable transactions. Section 11 provides that a dutiable transaction includes a partnership acquisition.

Further provisions relating to the imposition of transfer duty on partnership acquisitions are contained in Chapter 2 Part 5 Division 4 of the Duties Act.

Section 70 of the Duties Act provides that, for the purposes of Chapter 2 Division 4, dutiable property is land in Western Australia and chattels in Western Australia.

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