A New Tax System (Wine Equalisation Tax) Act 1999

Part 2 - Wine tax  

Division 9 - Taxable value  

Subdivision 9-B - Notional wholesale selling price  

9-35   The half retail price method  

(1)  
The notional wholesale selling price for a * retail sale of * grape wine , worked out using the half retail price method , is 50% of the * price of the sale.

(2)  
The notional wholesale selling price for an * AOU connected with retail sales of grape wine, worked out using the half retail price method , is 50% of the * price for which you would normally have sold the wine if the sale were a * retail sale .




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