32WTransactions between relatives

32W Transactions between relatives (1) If a subsequent purchaser who obtains a transfer right from the first purchaser is— (a) a relative of the first purchaser acting on the relative's own behalf; or (b) a trustee of a fixed trust the only beneficiaries of which are relatives of the first purchaser— duty is not chargeable under this Part on the sale contract or option to the extent of the transfer right obtained by the subsequent purchaser. (2) If a subsequent purchaser (the ***second subsequent purchaser***) obtains a transfer right from another subsequent purchaser (the ***first subsequent purchaser***) under a subsequent transaction referred to in section 32C(1)(c), 32J(1)(c) or 32Q(1)(c) and the second subsequent purchaser is— (a) a relative of the first subsequent purchaser acting on the relative's own behalf; or (b) a trustee of a fixed trust the only beneficiaries of which are relatives of the first subsequent purchaser— duty is not chargeable under this Part in respect of the subsequent transaction under which the first subsequent purchaser obtained its transfer right to the extent of the transfer right obtained by the second subsequent purchaser. S. 32X inserted by No. 36/2005 s. 10.