17 Aug 2020
LAI SIEW YOONG PEMUNGUT DUTI SETEM
- Citation
- BA-24NCVC-1815-12/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-24NCVC-1815-12/2019 (Mahkamah Tinggi)
The beneficiaries’ affidavit consenting to transfer constituted a release/renunciation amounting to a voluntary conveyance (gift) of their 3/4 entitlements; under the Stamp Act (Items 66, 32(h), 46 and s16(1)) such a voluntary conveyance is chargeable with ad valorem stamp duty calculated as if the transfer were on sale, therefore the Defendant’s ad valorem assessments are correct and are affirmed.