s 105A
In forceHow transfer duty is assessed on dutiable transaction—prescribed business
Chapter 2Transfer duty
Part 10Concessions for dutiable transactions for particular family businesses
Division 2Concessions for transfer duty for dutiable transactions
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.
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