| Commentary

67.1 Use of certificate of value

| Commentary

67: CERTIFICATE OF VALUE

(For certificates of value see Forms 67.1 [2202], 67.2 [2203] below.)

67.1 Use of certificate of value

A ‘certificate of value’ clause is included in agreements and other instruments which are liable to ad valorem stamp duty. If the value of the transaction is less than the current limit prescribed for this purpose, no duty is payable if a certificate of value is included in the agreement. Where the consideration is greater than the current limit, the rates of duty depend on the value of the consideration.

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