QLDIn ForceAct
Duties Act 2001
sec.105How transfer duty is assessed on dutiable transaction—primary production business
Start here
Get a plain-English read of sec.105
Turn the raw legal text into a practical explanation grounded in Duties Act 2001.
### sec.105 How transfer duty is assessed on dutiable transaction—primary production business
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.
The dutiable value of the business property is taken to be nil.
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.
s 105 amd 2006 No. 44 s 34
sub 2016 No. 37 s 6
(sec.105-ssec.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.
(sec.105-ssec.2) The dutiable value of the business property is taken to be nil.
(sec.105-ssec.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.