1161. Transfer in contemplation of sale; the charge.

Any instrument by which property is conveyed or transferred to any person in contemplation of a sale of that property is to be treated for the purposes of the Stamp Act 1891 as a transfer on sale of that property for a consideration equal to the value of the property1. The instrument is not deemed to be duly stamped, however, until the stamp duty chargeable on the instrument has been adjudicated by the Commissioners for Her Majesty's Revenue and Customs and the instrument stamped2 in accordance with the adjudication provisions3.

If, on a claim4 made to the Commissioners for Revenue