DUTIES ACT 2001 - SECT 584
Application of amendment about rate of mortgage duty
DUTIES ACT 2001 - SECT 584
Application of amendment about rate of mortgage duty
584 Application of amendment about rate of mortgage duty
(1) Section 254, as
in force on 1 January 2008, applies to a mortgage only if the liability date
for the mortgage is on or after 1 January 2008.
(2) However, section 254, as
in force immediately before 1 January 2008, applies to a mortgage if an
arrangement was made before 1 January 2008 the sole or main purpose of which
was to defer a liability date for the mortgage until 1 January 2008 or later
so the rate of mortgage duty under section 254, as in force on or after 1
January 2008, would apply in relation to the liability date.
(3) Also, a
person is not entitled, under a relevant Act or otherwise, to a refund of
mortgage duty paid before 1 January 2008 only because a liability date for the
mortgage is on or after 1 January 2008.
(4) In this section—
"relevant Act" means this Act or the Administration Act .
