sec.143Exemption—change of tenure

### sec.143 Exemption—change of tenure Transfer duty is not imposed on an agreement for a transfer entered into, or a transfer made, solely for the purpose of changing the registered ownership of property— from tenants in common to joint tenants; or from joint tenants to tenants in common. Subsection (1) applies only if— the total value of the co-owners’ interests in the property immediately before the agreement was entered into, or the transfer had effect, is not changed; and either— for subsection (1) (a) —immediately before the agreement was entered into or the transfer had effect, the owners held the property as tenants in common in equal shares; or for subsection (1) (b) —after the transfer has effect, the owners hold the property as tenants in common in equal shares. s 143 sub 2010 No. 11 s 28 (sec.143-ssec.1) Transfer duty is not imposed on an agreement for a transfer entered into, or a transfer made, solely for the purpose of changing the registered ownership of property— from tenants in common to joint tenants; or from joint tenants to tenants in common. (sec.143-ssec.2) Subsection (1) applies only if— the total value of the co-owners’ interests in the property immediately before the agreement was entered into, or the transfer had effect, is not changed; and either— for subsection (1) (a) —immediately before the agreement was entered into or the transfer had effect, the owners held the property as tenants in common in equal shares; or for subsection (1) (b) —after the transfer has effect, the owners hold the property as tenants in common in equal shares. - (a) from tenants in common to joint tenants; or - (b) from joint tenants to tenants in common. - (a) the total value of the co-owners’ interests in the property immediately before the agreement was entered into, or the transfer had effect, is not changed; and - (b) either— (i) for subsection (1) (a) —immediately before the agreement was entered into or the transfer had effect, the owners held the property as tenants in common in equal shares; or (ii) for subsection (1) (b) —after the transfer has effect, the owners hold the property as tenants in common in equal shares. - (i) for subsection (1) (a) —immediately before the agreement was entered into or the transfer had effect, the owners held the property as tenants in common in equal shares; or - (ii) for subsection (1) (b) —after the transfer has effect, the owners hold the property as tenants in common in equal shares. - (i) for subsection (1) (a) —immediately before the agreement was entered into or the transfer had effect, the owners held the property as tenants in common in equal shares; or - (ii) for subsection (1) (b) —after the transfer has effect, the owners hold the property as tenants in common in equal shares.