Western Australian Consolidated Acts

STAMP ACT 1921 - SECT 66

66 .         How conveyances in consideration of a debt or subject to future payment etc. to be charged

                Where any property is conveyed, whether by way of sale or otherwise, to any person in consideration, wholly or in part, of any debt due to him or subject either certainly or contingently to the payment or transfer of any money, marketable security or right in respect of shares, whether being or constituting a charge or encumbrance upon the property or not, such debt, money, marketable security or right in respect of shares is to be deemed the whole or part, as the case may be, of the consideration in respect whereof the conveyance is chargeable with ad valorem duty and such conveyance shall be deemed to be a conveyance on sale of the property and to be chargeable with ad valorem duty accordingly.

        [Section 66 amended by No. 93 of 1966 s. 7; No. 112 of 1982 s. 6; No. 33 of 1987 s. 16; No. 48 of 1996 s. 33; No. 2 of 2003 s. 41.]