Extension of Exemptions (Duty on Documents and Transfers Act)

L.N. 366 of 2022

DUTY ON DOCUMENTS AND TRANSFERS ACT

(CAP. 364)

Extension of Exemptions (Duty on Documents and Transfers Act)

Order, 2022

IN EXERCISE of the powers conferred by article 23 of the Duty

on Documents and Transfers Act, the Minister responsible for finance

has made the following order:-

The title of this order is the Extension of Exemptions (Duty Citation.

on Documents and Transfers Act) Order, 2022.

PART I

Amendments to the Exemption of Duty in terms of article 23 Order

This Part amends the Exemption of Duty in terms of article Amendments to

23 Order and it shall be read and construed as one with the Exemption the

of Duty in terms

of Duty in terms of article 23 Order, hereinafter in this Part referred to of

Order.

as "the principal order".

Article 3 of the principal order shall be amended as Amends article

3 of the

principal order.

(a) in the third proviso thereof, the words "1st January

2023," shall be substituted by the words "1st January 2024,"; and

(b) in the sixth proviso thereof, the words "before the

28th February 2023:" shall be substituted by the words "before

the 28th February 2024:".

Paragraph (b) of sub-article (1) of article 4 of the principal Amends article

4 of the

order shall be substituted by the following new paragraph

principal order.

"(b) the final deed relative to the said transfer shall be

made by the 31st December 2023 and the notice of the final deed

relative to said transfer shall be given to the Commissioner for

Revenue by the 28th February 2024;".

PART II

Amendments to the Duty on Donations of Marketable Securities and

Immovable Property Used for Business (Exemption) Order

This Part amends the Duty on Donations of Marketable

Securities and Immovable Property Used for Business (Exemption)

Order and it shall be read and construed as one with the Duty on

Donations of Marketable Securities and Immovable Property Used for

Business (Exemption) Order, hereinafter in this Part referred to as "the

principal order".

In article 3 of the principal order, the words "1st January

2023." shall be substituted by the words "1st January 2024.".

In the proviso to sub-article (1) of article 4 of the principal

order, the words "before the 31st December 2022." shall be substituted

by the words "before the 31st December 2023.".

PART III

Amendments to the Duty on the Acquisition of the Second Immovable

Property to be used as Sole Residence (Exemption) Order

This Part amends the Duty on the Acquisition of the Second

Immovable Property to be used as Sole Residence (Exemption) Order

and it shall be read and construed as one with the Duty on the

Acquisition of the Second Immovable Property to be used as Sole

Residence (Exemption) Order, hereinafter in this Part referred to as

"the principal order".

Article 6 of the principal order shall be amended as

follows

(a) the words "31st December 2022," shall be substituted

by the words "31st December 2023,"; and

(b) the words "before the 28th February 2023." shall be

substituted by the words "before the 28th February 2024.".

€ 0.18