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To calculate transfer duty when you enter into an agreement to transfer business assets, apply the Transfer Duty Rates (see table below) to the dutiable value of the agreement – the greater of the value of the business assets or the consideration paid. If GST is payable, duty must be calculated on the GST-inclusive amount.

Table: Transfer Duty Rates

Dutiable value Duty rate
Not more than $5,000 Nil
More than $5,000 up to $75,000 $1.50 for each $100, or part of $100, over $5,000
$75,000 to $540,000 $1,050 plus $3.50 for each $100, or part of $100, over $75,000
$540,000 to $1,000,000 $17,325 plus $4.50 for each $100, or part of $100, over $540,000
More than $1,000,000 $38,025 plus $5.75 for each $100, or part of $100, over $1,000,000

For more information on Transfer Duty Rates and Exemptions, please refer to the QLD Government website, click HERE).

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