Refund of duty where transaction is rescinded or annulled
60B Refund of duty where transaction is rescinded or annulled
Where a party to an instrument of a kind that is registrable under the Real Property Act 1886 satisfies the
Commissioner, upon application made to him not later than 5 years after execution of the instrument—
that he has paid duty upon the instrument; and
that the transaction in respect of which the instrument was executed has been frustrated or avoided or has miscarried through failure of a party to comply with a condition, the applicant shall be deemed to be possessed of stamped material rendered useless by being inadvertently spoiled within the meaning of section 106, and the provisions of that section shall apply accordingly.
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