sec.413BWhat is small business property

### sec.413B What is small business property Small business property , of a small business entity, is dutiable property that is directly held and used by a person for the purpose of carrying on the business of the entity. However, small business property does not include dutiable property— that is used as a residence by the person; or that is investment property the person holds and uses to generate income to fund the business of the entity. s 413B ins 2022 No. 14 s 6 (sec.413B-ssec.1) Small business property , of a small business entity, is dutiable property that is directly held and used by a person for the purpose of carrying on the business of the entity. (sec.413B-ssec.2) However, small business property does not include dutiable property— that is used as a residence by the person; or that is investment property the person holds and uses to generate income to fund the business of the entity. - (a) that is used as a residence by the person; or - (b) that is investment property the person holds and uses to generate income to fund the business of the entity.