Australian Capital Territory Numbered Acts

DUTIES ACT 1999 (NO. 7 OF 1999) - SECT 146

    The value of so much of the cost of a lease as comprises—

        (a)     an undertaking by the lessee to make or pay for additions or improvements to the land the subject of the lease; or

        (b)     the making of, or payment for, such additions or improvements by the lessee;

is taken to be the percentage, determined by the following table, of the value of the additions or improvements:

Table

10 years or less	100
More than 10 years but not more than 20 years	75
More than 20 years but not more than 30 years	50
More than 30 years but not more than 40 years	25
More than 40 years	Nil
Periodic lease or lease for a term that cannot be ascertained when the lease is made	100

---

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback