58. Stamp duty on certain acquisitions of residential property
The Principal Act is amended -
(a) in section 31E -
(i) by the substitution of the following subsection for subsection (4):
"(4) In this section, a reference to acquisition shall include a reference to -
(a) acquisition by way of a conveyance, transfer, lease, instrument, contract or agreement referred to in subsection (2), and
(b) acquisition by way of a change in the person or persons having direct or indirect control by virtue of a conveyance or transfer on sale of stocks, marketable securities, units or interests referred to in subsection (9).",
(ii) by the insertion of the following subsection after subsection (8):
"(8A) For the purposes of subsection (8)(b), a person shall not be regarded as entering into a housing authority lease on the same day as the residential unit concerned is acquired by the person where the residential unit was subject to a housing authority lease immediately prior to that day.",