The above provisions are subject to any enactment setting a different rate or setting an upper limit on the amount of duty chargeable. Meaning of instrument being certified at an amount 6. Contracts or agreements chargeable as conveyances on sale 7. The ad valorem duty paid upon a contract or agreement by virtue of paragraph 7 shall be repaid by the Commissioners if the contract or agreement is afterwards rescinded or annulled or is for any other reason not substantially performed or carried into effect so as to operate as or be followed by a conveyance or transfer. P ART II L EASE Charge 10.
Stamp duty is chargeable on a lease.
Rates of duty 11. In the case of a lease for a definite term less than a year the duty is as follows- 1. The same duty as for a lease for a year at the rent reserved for the definite term 12. In the case of a lease of land for any other definite term, or for an indefinite term, the duty is determined as follows. If the consideration or part of the consideration moving to the lessor or to any other person consists of any money, stock, security or other property, the duty in respect of that consideration is the same as that on a conveyance on a sale for the same consideration.