The goodwill of a manufacturing business conducted from a factory site does not form part of the value of the land for stamp duty purposes where the goodwill has no source in the site itself, the site being merely a manufacturing base. 'Chattels' in s.63(3) of the Stamps Act 1958 (Vic) means tangible physical things and does not extend to intangible property such as goodwill. Plant erected by a tenant on leased land for the purpose of supplying services to the landlord, under lease terms requiring removal, is not fixtures forming part of the realty, and s.28(2) of the Landlord and Tenant Act 1958 (Vic) preserves the tenant's property in any such fixtures.
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