sec.105AHow transfer duty is assessed on dutiable transaction—prescribed business

### sec.105A How transfer duty is assessed on dutiable transaction—prescribed 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 prescribed business; and to the extent the transaction is by way of gift. The unencumbered value of the business property is limited to the amount by which the value exceeds $500,000. Subsection (2) has effect subject to section 106 . s 105A ins 2016 No. 37 s 6 (sec.105A-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 prescribed business; and to the extent the transaction is by way of gift. (sec.105A-ssec.2) The unencumbered value of the business property is limited to the amount by which the value exceeds $500,000. (sec.105A-ssec.3) Subsection (2) has effect subject to section 106 . - (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.