The party who is liable to pay Stamp Duty is usually stated in the agreements. When the terms of the document do not state who is liable to pay Stamp Duty, the party to pay Stamp Duty will follow that as specified in the Third Schedule of the Stamp Duties Act.
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Terms of the agreement
The party who is liable to pay Stamp Duty is usually stated in the agreements.
Stamp Duties Act
When the terms of the document do not state who is liable to pay Stamp Duty, the party to pay Stamp Duty will follow that as specified in the Third Schedule of the Stamp Duties Act.
Types of transaction | Party to pay Stamp Duty |
|---|---|
Buying or Acquiring shares | Buyer or Transferee |
Mortgaging shares | Mortgagor |