DUTIES ACT 2001 - SECT 105A
How transfer duty is assessed on dutiable transaction—prescribed business
DUTIES ACT 2001 - SECT 105A
How transfer duty is assessed on dutiable transaction—prescribed business
(1) This section applies for assessing transfer duty on a dutiable transaction
to which this part applies— (a) if business property to which the
transaction relates is used to carry on a prescribed business; and
(b) to the
extent the transaction is by way of gift.
(2) The unencumbered value of the
business property is limited to the amount by which the value exceeds
$500,000.
(3) Subsection (2) has effect subject to section 106 .
