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Commentary

18 Value that is not chargeable consideration

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18 Value that is not chargeable consideration

| Commentary

The following is not treated as chargeable consideration:

  1. 18.1

        reverse premiums on the grant, assignment or the surrender of a lease1;

  2. 18.2

        indemnity given by purchaser2 to the vendor in respect of a liability arising from a breach of any obligation owed by the vendor to a third party in relation to the land that is being acquired;

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