(1) This section applies for assessing transfer duty on a dutiable transaction
to which this part applies if business property to which the transaction
relates is used to carry on a primary production business.
(2) The
dutiable value of the business property is taken to be nil.
(3) In addition,
if the dutiable property the subject of the dutiable transaction includes
residential land adjacent to land used to carry on the business, the
dutiable value of the residential land is taken to be nil.
