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Family Business Duty Concession For Primary Production Business

The Family Business Duty Concessions provided for in the Duties Act 2001 (Qld) (the “Act”) have been updated and expanded. Previously, concessions applied where gifts of farmland and/or business assets, used to carry on a primary production business, were made to Transferees who are lineal descendants of the Transferor (e.g. parents to children).

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