Western Australian Numbered Acts

DUTIES ACT 2008 (NO. 11 OF 2008) - SECT 191

191 .         Reduction where further interest acquired in a landholder

        (1)         This section applies to the calculation of duty in respect of a relevant acquisition described in section 164.

        (2)         The amount calculated under section 188(1) is to be reduced by an amount determined by applying the appropriate rate of duty under section 184(1) to the value of any excluded interest as determined under subsection (3).

        (3)         The value of an excluded interest is the same percentage of the value of the landholder concerned as the percentage of all interests in the landholder that is represented by the excluded interest.