article 23 (Amendment) Order, 2023

L.N. 76 of 2023

DUTY ON DOCUMENTS AND TRANSFERS ACT

(CAP. 364)

Exemption of Duty in terms of

article 23 (Amendment) Order, 2023

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 Exemption of Duty in terms of Citation.

article 23 (Amendment) Order, 2023 and this order shall be read and

construed as one with the Exemption of Duty in terms of article 23 S.L. 364.12.

Order, hereinafter referred to as "the principal order".

Article 5 of the principal order shall be amended as Amends article

5 of the

principal order.

(a)

sub-article (1) thereof shall be amended as follows

(i) the words "but before the 1st January 2022"

thereof shall be deleted;

(ii) in paragraph (a) of the first proviso thereof,

immediately after the words "of the Immovable Property

(Acquisition by Non-Residents) Act" there shall be added

the words "or who would have required such a permit had

the property acquired not been situated in a special

designated area";

(iii) paragraph (b) of the first proviso thereof shall

be substituted by the following new paragraph

"(b) the transfer is made in terms of a promise

of sale or transfer notice of which would have been

given to the Commissioner for Revenue before the 1st

January 2022;"; and

(iv) the second and the third provisos thereof shall

be deleted; and

(b) in paragraph (d) of sub-article (3) thereof, the words

"which are executed by two or more deeds, rather than by one

single deed" shall be substituted by the words "which are

B

executed separately rather than by means of one single transfer".

€0.18