S18.12 Deeds Remaining Liable to Stamp Duty

Schedule 15 provides that certain partnership transactions remain chargeable with stamp duty after 1 December 2003. Such transactions include the acquisition of an interest in a partnership, the acquisition of land from an incoming partner in consideration for a share in the partnership and also the transfer of land to an outgoing partner as consideration for a share in the partnership. Deeds relating to those partnership transactions will remain governed by the existing statutory provisions for stamp duty.