STAMP DUTIES ACT 1923 - SECT 61

STAMP DUTIES ACT 1923 - SECT 61

61—Method or estimating value of consideration where consideration consists of shares

Where the consideration or part of the consideration for a conveyance chargeable with ad valorem duty consists of shares or debentures to be issued by a company, or a contract to issue such shares or debentures, the market value of the shares or debentures shall be taken as the value of the consideration or part.