Property valuation adjustment: excess stamp duty value over consideration taxed when threshold and percentage conditions met. The amendment treats as income the excess of stamp duty value over consideration for property when that excess exceeds the greater of a fixed monetary threshold and a percentage of consideration; it also adds a clause taxing compensation or other payments received on termination or modification of employment, with the changes effective from the amending measure's operative date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Property valuation adjustment: excess stamp duty value over consideration taxed when threshold and percentage conditions met.
The amendment treats as income the excess of stamp duty value over consideration for property when that excess exceeds the greater of a fixed monetary threshold and a percentage of consideration; it also adds a clause taxing compensation or other payments received on termination or modification of employment, with the changes effective from the amending measure's operative date.
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