1163. Continued application of stamp duty on transfers of partnership interests.

Nothing in the statutory provisions1 that abolish stamp duty and restrict it to instruments relating to stock or certain marketable securities2 affects the application of the enactments relating to stamp duty in relation to an instrument by which a transfer of an interest in a partnership is effected3. In their application in relation to an instrument by which a transfer of such an interest is effected, the enactments relating to stamp duty have effect subject to heads (1) and (2) below4:

  1.  

    (1)     where stamp duty on a transfer on sale5 is chargeable on an instrument effecting a transfer of