Finance (No. 2) Act, 1998

Amendment of section 4 (instruments to be separately charged with duty in certain cases) of Act of 1891.

8.—Section 4 of the Act of 1891 is hereby amended by the insertion of the following paragraph after paragraph (b):

“(c) Without prejudice to the generality of paragraphs (a) and (b), where the consideration (other than rent) for the sale or lease of any property is partly attributable to residential property and partly attributable to property which is not residential property the instrument of conveyance or transfer or lease shall be chargeable to ad valorem stamp duty on the basis that it is a separate conveyance or transfer or lease of residential property to the extent that that consideration is attributable to residential property and also a separate conveyance or transfer or lease of property which is not residential property to the extent that that consideration is attributable to property which is not residential property.”.