Western Australian Current Acts

DUTIES ACT 2008 - SECT 50

50 .         Assignment of call option, dutiable value of

                The dutiable value of a dutiable transaction referred to in section 49 is —

            (a)         the sum of —

                  (i)         the amount paid by way of consideration for the assignment of the call option in respect of the option property; and

                  (ii)         the amount payable in the event of the exercise of the call option in respect of the option property;

                or

            (b)         the unencumbered value of the option property at the time when liability for duty on the transaction arises, if —

                  (i)         there are no amounts paid or payable under paragraph (a); or

                  (ii)         the amounts paid or payable under paragraph (a) cannot be ascertained when liability for duty on the transaction arises; or

                  (iii)         the unencumbered value is greater than the sum of the amounts paid or payable under paragraph (a).