Western Australian Consolidated Acts

STAMP ACT 1921 - SECT 75AC

75AC .         Exchange of property

                Any instrument or instruments effecting an exchange of any property for any other property shall be chargeable with duty as if the exchange involved —

            (a)         the conveyance or transfer of the first-mentioned property for consideration equal to the unencumbered value of that property; and

            (b)         the conveyance or transfer of the second-mentioned property for consideration equal to the unencumbered value of that property.

        [Section 75AC inserted by No. 20 of 1996 s. 27.]