53ADuty on lease premiums

53A Duty on lease premiums

53A Duty on lease premiums

In the case of property transferred by way of a lease for which a premium is paid or payable, duty is not chargeable under this Chapter on—

(a) so much of the premium of a residential lease as relates to premises used, or intended to be used, exclusively as a residence, or

(b) so much of the premium of a lease as relates to a moveable dwelling site used, or intended to be used, as the principal place of residence of the lessee.

s 53A: Ins 2006 No 49, Sch 1 [10].