Catchwords:
TAXES AND DUTIES – STAMP DUTIES – ASSESSMENT AND AMOUNT PAYABLE INCLUDING FINES – GENERALLY – QUEENSLAND – where the appellant agreed to provide a “funding amount” to the State pursuant to a contract by which the State would transfer land to the appellant – where the funding amount was expressed to be a sum of money which was liable to be increased pursuant to a clause of the contract – where another clause of the contract required the State to pay certain amounts to the appellant, one of which was calculated by reference to the funding amount, such that the total amount payable by the appellant could be more or less than the funding amount – where the respondent submits the adjustments which could be made to the funding amount are not a payment for the land or, alternatively, can be disregarded due to the “contingency principle” – where the appellant submits the consideration is the total amount payable by the appellant to the State and could not be ascertained when the contract was executed – whether the consideration under the contract was the funding amount or the total amount payable by the appellant to the State – whether the consideration could be ascertained when the contract was executed – whether transfer duty should be assessed on the consideration for the transaction or the unencumbered value of the land
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