2. In the Stamp Duties Act 1929, in the First Schedule —| (a) | in Article 3, in paragraph (a)(iii), after “20 February 2018”, insert “but before 15 February 2023”; | | (b) | in Article 3, in paragraph (a), after sub-paragraph (iii), insert —| “(iv) | if executed on or after 15 February 2023 — |
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| | | | (A) | for the amount of the consideration of the part of the property that is attributable to a residential purpose (if any) — |
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| | | | (AA) | for every dollar of the first $180,000 |
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| | | | (AB) | for every dollar of the next $180,000 |
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| | | | (AC) | for every dollar of the next $640,000 |
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| | | | (AD) | for every dollar of the next $500,000 |
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| | | | (AE) | for every dollar of the next $1,500,000 |
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| | | | (AF) | for every dollar exceeding $3,000,000 |
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| | | | (B) | for any remainder of the consideration — |
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| | | | (BA) | for every dollar of the first $180,000 |
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| | | | (BB) | for every dollar of the next $180,000 |
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| | | | (BC) | for every dollar of the next $640,000 |
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| | | | (BD) | for every dollar of the next $500,000 |
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| | | | (BE) | for every dollar exceeding $1,500,000 |
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| | (c) | in Article 3, in paragraphs (2A) and (2B), after “paragraphs (a)(iii)”, insert “and (iv)”; | | (d) | in Article 3A, in item 1, under the heading “Proper stamp duty”, replace “paragraphs (a)(i) or (ii)” with “paragraphs (a)(i), (ii) or (iii)”; | | (e) | in Article 3A, in item 1, under the heading “Proper stamp duty”, replace “paragraphs (c)(i) or (ii)” wherever it appears with “paragraphs (c)(i), (ii) or (iii)”; | | (f) | in Article 3A, in items 1(a)(ii) and (c)(ii) and 2(a)(ii) and (c)(ii), under the heading “Description of instrument”, after “20 February 2018”, insert “but before 15 February 2023”; | | (g) | in Article 3A, in item 1(a), after sub-paragraph (ii), insert —“| (iii) | where the conveyance is executed on or after 15 February 2023 — |
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| | The sum of the following: |
| | | for every dollar of the first $180,000 |
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| | | | for every dollar of the next $180,000 |
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| | | | for every dollar of the next $640,000 |
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| | | | for every dollar of the next $500,000 |
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| | | | for every dollar of the next $1,500,000 |
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| | | | for every dollar exceeding $3,000,000 |
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”; |
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| | (h) | in Article 3A, in item 1(c), after sub-paragraph (ii), insert —“| (iii) | where the conveyance is executed on or after 15 February 2023 — |
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| | The sum of the following: |
| | | for every dollar of the first $180,000 |
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| | | | for every dollar of the next $180,000 |
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| | | | for every dollar of the next $640,000 |
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| | | | for every dollar of the next $500,000 |
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| | | | for every dollar of the next $1,500,000 |
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| | | | for every dollar exceeding $3,000,000 |
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”; |
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| | (i) | in Article 3A, in item 2, under the heading “Proper stamp duty”, replace “paragraphs (a)(i) or (ii)” with “paragraphs (a)(i), (ii) or (iii)”; | | (j) | in Article 3A, in item 2, under the heading “Proper stamp duty”, replace “paragraphs (c)(i) or (ii)” wherever it appears with “paragraphs (c)(i), (ii) or (iii)”; | | (k) | in Article 3A, in item 2(a), after sub-paragraph (ii), insert —“| (iii) | where the conveyance is executed on or after 15 February 2023 — |
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| | The sum of the following: |
| | | for every dollar of the first $180,000 |
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| | | | for every dollar of the next $180,000 |
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| | | | for every dollar of the next $640,000 |
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| | | | for every dollar of the next $500,000 |
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| | | | for every dollar of the next $1,500,000 |
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| | | | for every dollar exceeding $3,000,000 |
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”; and |
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| | (l) | in Article 3A, in item 2(c), after sub-paragraph (ii), insert —“| (iii) | where the conveyance is executed on or after 15 February 2023 — |
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| | The sum of the following: |
| | | for every dollar of the first $180,000 |
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| | | | for every dollar of the next $180,000 |
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| | | | for every dollar of the next $640,000 |
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| | | | for every dollar of the next $500,000 |
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| | | | for every dollar of the next $1,500,000 |
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| | | | for every dollar exceeding $3,000,000 |
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”. |
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