A New Tax System (Wine Equalisation Tax) Act 1999
Part 2
-
Wine tax
Division 9
-
Taxable value
Subdivision 9-B
-
Notional wholesale selling price
9-45
9-45
Notional wholesale selling prices for other dealings
The notional wholesale selling price for a taxable dealing with wine that is neither:
(a) a * retail sale of wine; nor
(b) an * AOU connected with retail sales of wine;
The notional wholesale selling price for a taxable dealing with wine that is neither:
(a) a * retail sale of wine; nor
(b) an * AOU connected with retail sales of wine;
is the * price (excluding wine tax and * GST ) for which you could reasonably have been expected to sell the wine by wholesale under an arm's length transaction.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.