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S.L. 328.2 · Home Ownership (Encouragement) (S.L. 328.2)

S.L. 328.2 ст. 21Relief from duty on documents. Cap. 364.

ДействуетОфициальный текст

The transfer of a dwelling-house to a beneficiary under this scheme shall be exempt from the following duties under the Duty on Documents and Transfers Act, hereinafter in this clause referred to as "the Act", provided that the transfer takes place under the provisions of clause 11 or 12 and the beneficiary thereby becomes the absolute owner of immovable property for the first time:

(a) 33% of the duty under Title II of Part III of the Act chargeable on the deed of transfer of the dwelling-house to the beneficiary;

(b) 33% of the duty under Title II of Part III of the Act chargeable on the receipt of the payment of the price or other consideration for the transfer of the dwelling-house to the beneficiary.