Western Australian Consolidated Acts

STAMP ACT 1921 - SECT 75AD

75AD .         Duty chargeable on partition of property

        (1)         Any instruments effecting the partition of any property shall be chargeable with duty under item 15 of the Second Schedule and any amount paid or other consideration given to achieve equality is also to be charged with ad valorem duty on that amount or on the value of that consideration under item 4 of the Second Schedule.

        (2)         Notwithstanding anything in subsection (1), when there is no amount or consideration referred to in that subsection or any amount or consideration referred to in that subsection is insufficient to achieve equality, duty shall be chargeable on the amount of that insufficiency under item 19 of the Second Schedule.

        [Section 75AD inserted by No. 37 of 1979 s. 51; amended by No. 39 of 1994 s. 14; No. 66 of 2003 s. 39.]