109A. Exemption from stamp duty
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(1) Despite the Stamp Duty Act, the following instruments are exempt from stamp duty —
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(a) an instrument relating to transfers of any property to or by an international business company;
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(b) an instrument relating to transactions in respect of the shares, debts obligations or other securities of an international business company;
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(c) an instrument relating in any way to the assets or activities of an international business company,
if the transfer or transaction under paragraph (a) or (b) does not have the legal effect of changing the beneficial ownership or legal ownership of immovable property in Saint Lucia; or
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(2) This section only applies to a company incorporated from the 1st day of January, 2019.
(Inserted by Act 13 of 2018)