sec.586Mortgage duty associated with caveats and releases of mortgage

### sec.586 Mortgage duty associated with caveats and releases of mortgage This section applies in relation to— mortgage duty imposed under section 268 on a caveat claiming an interest under a mortgage; and mortgage duty imposed under section 269 on a release of mortgage. To the extent an amount of mortgage duty imposed on the relevant mortgage is calculated by reference to the rate under pre-amended section 254, the amount of mortgage duty imposed on the caveat or release is also calculated under pre-amended section 254, even if the caveat or release is effected on or after 1 January 2008. In this section— pre-amended section 254 means section 254 as in force before 1 January 2008. s 586 ins 2007 No. 29 s 6 (sec.586-ssec.1) This section applies in relation to— mortgage duty imposed under section 268 on a caveat claiming an interest under a mortgage; and mortgage duty imposed under section 269 on a release of mortgage. (sec.586-ssec.2) To the extent an amount of mortgage duty imposed on the relevant mortgage is calculated by reference to the rate under pre-amended section 254, the amount of mortgage duty imposed on the caveat or release is also calculated under pre-amended section 254, even if the caveat or release is effected on or after 1 January 2008. (sec.586-ssec.3) In this section— pre-amended section 254 means section 254 as in force before 1 January 2008. - (a) mortgage duty imposed under section 268 on a caveat claiming an interest under a mortgage; and - (b) mortgage duty imposed under section 269 on a release of mortgage.