sec.39Surrender of Queensland business asset so replacement asset may be granted

### sec.39 Surrender of Queensland business asset so replacement asset may be granted This section applies if a Queensland business asset is surrendered by a person (the owner ) so that a similar business asset may be granted, issued, given to or obtained by another person. For imposing transfer duty— the surrender is taken to be a transfer of the business asset by the owner to the other person when the similar business asset is granted, issued, given or obtained; and the owner and other person are the parties to the dutiable transaction that is the transfer of the business asset. (sec.39-ssec.1) This section applies if a Queensland business asset is surrendered by a person (the owner ) so that a similar business asset may be granted, issued, given to or obtained by another person. (sec.39-ssec.2) For imposing transfer duty— the surrender is taken to be a transfer of the business asset by the owner to the other person when the similar business asset is granted, issued, given or obtained; and the owner and other person are the parties to the dutiable transaction that is the transfer of the business asset. - (a) the surrender is taken to be a transfer of the business asset by the owner to the other person when the similar business asset is granted, issued, given or obtained; and - (b) the owner and other person are the parties to the dutiable transaction that is the transfer of the business asset.