Duty on Documents and Transfers Act (Cap. 364), article 41

41. A contract of exchange shall be deemed to constitute one transfer and the duty chargeable thereon shall be assessed on t he higher of the values of the things transferred: Provided that if different rates apply, duty shall be charged on the value of either of the things transferred at the rate or rates which attract the higher amount of duty. DUTY ON DOCUMENTS AND TRANSFERS [CAP. 364. 33 Exemption on certain company divisions. Added by: II. 2005.28.