Duties Act 1997
104XNo double surcharge purchaser duty
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104X No double surcharge purchaser duty
104X No double surcharge purchaser duty
(cf section 18)
(1) If a surcharge duty transaction is effected by more than one instrument, one instrument is to be stamped with the surcharge purchaser duty payable on the surcharge duty transaction and each other instrument is not chargeable with surcharge purchaser duty.
(2) Surcharge purchaser duty is not chargeable on a transfer of residential-related property made in conformity with an agreement for the sale or transfer of the residential-related property if—
(a) surcharge purchaser duty has been paid on the agreement, and
(b) no surcharge purchaser duty is chargeable under section 104Y on the transfer.
(3) Surcharge purchaser duty is not chargeable on a transfer of residential-related property that is not made in conformity with an agreement for the sale or transfer of the residential-related property if—
(a) surcharge purchaser duty has been paid on the agreement, and
(b) no surcharge purchaser duty is chargeable under section 104Y on the transfer, and
(c) the transfer would be in conformity with the agreement if the transferee was the purchaser under the agreement, and
(d) the transfer occurs at the same time as, or proximately with, the completion or settlement of the agreement, and
(e) at the time the agreement was entered into, and at the completion or settlement of the agreement—
(i) the purchaser under the agreement and the transferee under the transfer are related persons, except as provided by subparagraph (ii), or
(ii) if the purchaser purchased as a trustee, the transferee and the beneficiary are related persons.
(4) Surcharge purchaser duty is not chargeable on a transfer to a trustee of residential-related property subject to a declaration of trust if surcharge purchaser duty has been paid on the declaration of trust in respect of the same residential-related property.
(5) Surcharge purchaser duty is not chargeable on a transfer of residential-related property as a consequence of a foreclosure order if surcharge purchaser duty has been paid on the foreclosure.