Western Australian Numbered Acts Western Australian Numbered Acts The dutiable value of
a dutiable transaction for a business asset where neither the principal place
of business nor the head office of the Western Australian business is in
Western Australia is to be determined using the following formula —
where —
DV is the dutiable
value;
CUV is —
(a) the
consideration for the transaction; or
(b) the
unencumbered value of the business asset the subject of the transaction
if —
(i)
there is no consideration for the transaction; or
(ii)
the consideration cannot be ascertained when liability
for duty on the transaction arises; or
(iii)
the unencumbered value is greater than the consideration
for the transaction;
TS is the gross amount
(in Australian dollars) of all the commodities supplied and services provided
by the business in the last 3 completed financial years preceding the
transaction;
WAS is the gross
amount (in Australian dollars) of the commodities delivered and services
provided by the business to customers in Western Australia in the last
3 completed financial years preceding the transaction.