S.L. 123.92 Art. 23Deed of correction.

When the parties to a deed of transfer of property correct or otherwise change that deed by means of a subsequent deed, and the tax payable under article 5A of the Act in respect of that transfer as corrected or changed is higher than the amount stated to be payable under the original deed, the correction or change shall be deemed to constitute a transfer of property and the provisions of article 5A of the Act and of these rules including, without limitation, the provisions relating to the payment of the tax and the notice of the transfer, shall apply to that deed accordingly: provided that the tax payable under article 5A of the Act on that correction or change shall be the balance remaining from the full amount payable in respect of the deed of the transfer as corrected or changed after deducting the amount already paid in connection with the original deed.