ACT No. XXVII or 1990 AN ACTIO Qll1el1d me Dutyol1 Documents Act, 1981.

C "NS U T A1l0NI

(I. .S.)

27th1 uly .l990

ACT No. XXVII or 1990

AN ACTIO Qll1el1d me Dutyol1 Documents Act, 1981.

BE IT ENACTED by the Presidenl. by and wilh Ihe advicc and

consenl of lhe House of Reprcsenta ti,·cs. in Ihi5 pre5Cnt Parliament

aSliCmbled. and by the aUl horily of the same. as foI1ows:-

( I) This ACI may be cited as the Duty on Documents

(Amendment) Act. 1990. and sha ll be read arid construed as one with

the Dut y on Documents ACI. 1981. hereinafter referred to as "the

principal Act".

(2)

This Act shall come into force on the 1st August. 1990.

Immediately at the cnd of subsectio n (1) of section 38 of the Ameodmen!of

principa l Act . there sha ll be inserted the followin g pro~isos

"Pro~ided that wh ere the transfer req uires a pennit by the

Minister under the Imm o~ablt: I'roperty (Acqui5ition by Non-

Residents) Act. 1974 Ihe dUly cha rgeable in ~irtue of this

subsection shall be increased by ten per cc n! um of the amount or

~alue of the consideration for the transfer o f the immo~abJc

property or of Ihe ~alue of the immo~Dble property . whichever is

thc higher. For the purposes of Ihis proviso "immovable property"

has the same meani ng assigned to ;t by section 2 of the :laid

Jmmo~able Property (Acquisition by Non- Residents) Act. 1974.

Provided further that Ihe duly as aforesaid shall nol be so

increased whe re the immovable property falls under paragraph (a)

of the proviso to $ubsccl ion ( I) of section 5 of the Immo"ablc

Property (Acq uisit ion by Non·Residt;nls) Act. 1974. and this fact

results from the pennit issued by the Minister in tenns of the said

Acl.··.

In sub.;tC'lion (11 of loCt1 ion 5-1 of Ihe principal Act . for Ihe

,\.

"'''rJ~

" l'hen.' shall be charged on c,-cry appraiscmem or yaluar;!)n a

duty of I .... CI1I)' C'CnlS for en!')' onc hund red pounds or pari Ihc ..... ,of

I.flhe amount of lhe appraiseme n\ or va luDrion ;'·.

ther<' ,h:11I be subsriHl rcd Ih<: following

"There shall be chllrged on cvery appraisernc nt Or val u3rion a

.. !tU)! (If

~r

lmU.' or

thereof on rhl: fin!

l il Wc

p;lrt

Lml0.\OJ

(ii) Se per LmIOOorpart lhc roofon the ocrl Lm20,OCO;

(iii) 2e per Lml00 or pari thereof on the re mainder of

Ihe amount of the Dppraiscmen \ or Italuation. up to a

maximum dUly o f Lm500n each vaJu31ion:",

The amendment effected byseaion 20fthis Act shull nOI effect

any transfer. Whe re Ihe application forl hc issue ofrhe pcnnit in Icnnsof

Ihe Immovable Properl y (A!Xjuisition by Non-Residents) Act . 1974.

was filed with the Minisl ryofFina nce ool lalerl han lheSth August, 1990

together with :I cop~ of the written agreement concluded before the 1st

August, 19900fthe promise to transfe r the propcny in qucstion and this

is evinced by a cert i r~t e issued by the Minister re;ponsible fo r finance,

which certifieate shall be attached to the deed of transfer,

Pnssed by the House of Rcpresemalivcs at Sitting No , 4160f tne 25th J uly. 1990.

LAWRENCE! GONZJ

SMnkt~

P. M usc,,'r TERRllltLE

Clerk 10 the House of Rep~esemilti"tJ

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