14 Feb 1973
COLLECTOR OF STAMP REVENUE v. CHAN YEE YIN AND OTHERS
- Citation
- COLLECTOR OF STAMP REVENUE v. CHAN YEE YIN AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA529/1972
Taxi licences, as transferred by the parties in the agreement, constituted property capable of being sold; the agreement effected an absolute transfer of that property and therefore attracted ad valorem stamp duty under Section 5(1) and Head 6 of the Stamp Ordinance. The revocable power of a regulator does not defeat property status where the transferor retained no power of revocation.