The Stamp Act (Amendment) Act, 2006.pmd
No. 13 of 2006. ANTIGUA
AND
BARBUDA
1The Stamp (Amendment) Act, 2006.
ANTIGUA AND BARBUDA
No. 13 of 2006
AN ACT to amend the Stamp Act, Cap. 410, to reduce the stamp
duty payable on transfer of residential property from a parent
to a child, and for incidental and connected purposes.
[ Published in the Official Gazette Vol. XXVI
No. 79 dated 29th December, 2006. ]
ENACTED by the Parliament of Antigua and Barbuda as follows:
1. This Act may be cited as the Stamp (Amendment) Act, 2006.
2. The Schedule to the Stamp Act, Cap. 410, is amended—
(a) in the paragraph under the heading “CONVEYANCE
or TRANSFER ON SALE—
(i) by inserting after the words “last preceding
item” the words “and not being a conveyance
or transfer of residential property of a value of
$500,000 or less to a child or grandchild of the
transferor)”; and
(ii) by inserting after the words “lands or heredita-
ment” the words “not being a conveyance or
transfer of residential property of a value of
Short title.
Amendment of
Schedule.
[ L.S.]
I Assent,
James B. Carlisle,
Governor-General.
17th November, 2006.
No. 13 of 2006.ANTIGUA
AND
BARBUDA
2 The Stamp (Amendment) Act, 2006.
________
Printed at the Government Printing Office, Antigua and Barbuda,
by Eric T. Bennett, Government Printer
— By Authority, 2006.
800—12.06 [ Price$1.55 ]
$500,000 or less to a child or grandchild of the
transferor”; and
(b) by inserting after the paragraph under the heading
“CONVEYANCE or TRANSFER operating as a volun-
tary transfer inter vivos” the following paragraph—
“CONVEYANCE or TRANSFER, whether voluntary or on
sale, of residential property to the child or grandchild of
the transferor which complies with the conditions set out
in this paragraph, for every $100, and any fractional part of
$100, of the value of the property conveyed or trans-
ferred..............................$1.00.
There shall also be payable by the vendor or transferor for
every $100, and any fractional part of $100 of the value of
the property conveyed or transferred........................$1.00.
(a) the transferor shall be the natural or adoptive parent
or gandparent of the transferee;
(b) the property transferred shall be residential only;
(c) the value of the property shall be $500,000 or less at
the date of the conveyance or transfer; and
(d) the Commissioner of Inland Revenue shall be pro-
vided with such documentation as he may reason-
ably require to confirm the relationship specified in
paragraph (a).”.
Passed by the House of Representatives
this 14th day of November, 2006.
D. Giselle Isaac-Arrindell,
Speaker.
Yvonne Henry,
Clerk to the House of Representatives.
Passed by the Senate this
17th day of November, 2006.
Hazlyn M. Francis,
President.
Yvonne Henry,
Clerk to the Senate.
No. 13 of 2006. ANTIGUA
AND
BARBUDA
3The Stamp (Amendment) Act, 2006.
ANTIGUA AND BARBUDA
THE STAMP (AMENDMENT) ACT, 2006
ARRANGEMENT OF SECTIONS
Sections
1. Citation.
2. Amendment of Schedule.
