STAMP DUTIES ACT 1923 - SECT 71AA
STAMP DUTIES ACT 1923 - SECT 71AA
71AA—Instruments disclaiming etc an interest in the estate of a deceased
person
(1) This section
applies to an instrument under which a person who is, or may be, entitled to
share in the distribution of the estate of a deceased person—
(a)
disclaims an interest in the estate; or
(b)
assigns or transfers an interest in the estate to another.
(2) An instrument to
which this section applies is taken to be a conveyance of property operating
as a voluntary disposition inter vivos (whether or not consideration is given
for the transaction).
(3) For the purpose of
calculating ad valorem duty payable on an instrument to which this section
applies, the value of the interest subject to the conveyance is to be
determined as if the estate had been distributed and the interest were an
interest in possession.