sec.534Credit allowed for particular agreements for mortgage

### sec.534 Credit allowed for particular agreements for mortgage Subsection (2) applies if— before the commencement day, stamp duty under the repealed Act was paid on an agreement to grant a mortgage; and under the agreement, a mortgage as defined in section 248 is first signed on or after the commencement day. For assessing mortgage duty imposed on the mortgage, a credit must be allowed for stamp duty paid on the agreement to grant the mortgage. (sec.534-ssec.1) Subsection (2) applies if— before the commencement day, stamp duty under the repealed Act was paid on an agreement to grant a mortgage; and under the agreement, a mortgage as defined in section 248 is first signed on or after the commencement day. (sec.534-ssec.2) For assessing mortgage duty imposed on the mortgage, a credit must be allowed for stamp duty paid on the agreement to grant the mortgage. - (a) before the commencement day, stamp duty under the repealed Act was paid on an agreement to grant a mortgage; and - (b) under the agreement, a mortgage as defined in section 248 is first signed on or after the commencement day.