Changes to the Stamp Act related to exemptions from Stamp Duty on Deeds of Gift
In the Stamp Act, as published as Cap 440 of the Revised Edition of the Laws of St. Vincent and the Grenadines in 2009, there was a wide category of exempt persons, who were exempted from the obligation to pay a stamp duty of 10 per cent of the value of the real estate involved in a conveyance on transfer or sale, of which 5 % is to be paid by the transferor and 5% by the Transferee.
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