Hong Kong Ordinances

STAMP DUTY ORDINANCE - SECT 42

Relief in case of certain leases etc. to Government

(Past version on 30/06/1997).

Adaptation amendments retroactively made-see 12 of 1999 s. 3

(1) This section applies to a lease or agreement for a lease (other than an
instrument to which section 39 applies) made between-

   (aa) the Central People's Government, or any person acting on behalf of the
        Central People's Government; (Added 12 of 1999 s. 3)

   (a)  the Government, or any person acting on behalf of the Government; or

   (b)  an incorporated public officer,
and any other person ("the other party") not being a person to whom
section 43(1) applies.

(2) Every instrument to which this section applies shall, for the purposes of
this Ordinance, be deemed to contain a provision whereby the  other party
undertakes to pay 50 per cent of the stamp duty chargeable on such instrument;
and payment of that amount under a provision deemed by virtue of this section
to be contained in an instrument shall be deemed to constitute payment of the
stamp duty chargeable on the instrument.