All sections · Part XXI: Miscellaneous Provisions
362 Stamp duty
This section has been amended. The text above is the 2016 wording; the amending provisions follow.
(1) Subject to subsection (2), notwithstanding the provisions of the Stamp
Duty Act all instruments relating to —
(a) the formation of a company;
(b) transfers of property to or by a company;
(c) transactions in respect of the shares, debt obligations or other
securities of a company;
(d) the creation, variation or discharge of a charge or other security
interests over any property of a company; and
(e) other transactions relating to the business or assets of a company,
are exempt from the payment of stamp duty.
(2) Without prejudice to section 5(2)(b), subsection (1) does not apply to an
instrument relating to —
(a) the transfer to or by a company of an interest in immovable
property situated in Seychelles; or
(b) transactions in respect of the shares, debt obligations or other
securities of a company if it, or any of its subsidiaries, has an
interest in any immovable property situated in Seychelles.
Duty Act all instruments relating to —
(a) the formation of a company;
(b) transfers of property to or by a company;
(c) transactions in respect of the shares, debt obligations or other
securities of a company;
(d) the creation, variation or discharge of a charge or other security
interests over any property of a company; and
(e) other transactions relating to the business or assets of a company,
are exempt from the payment of stamp duty.
(2) Without prejudice to section 5(2)(b), subsection (1) does not apply to an
instrument relating to —
(a) the transfer to or by a company of an interest in immovable
property situated in Seychelles; or
(b) transactions in respect of the shares, debt obligations or other
securities of a company if it, or any of its subsidiaries, has an
interest in any immovable property situated in Seychelles.
