Stamp Act · s 71A

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s 71AException for dwelling-houses

(1)

Subject to the provisions of this Act, estate duty shall not be payable in the case of a person dying on or after 15th December 1988 to the extent of $2,000,000 of the aggregate value of the deceased’s interest in a dwelling-house or dwelling-houses whether occupied by the deceased or not

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and the amount thereof shall not form part of the principal value of the estate chargeable with estate duty of any deceased person.

(2)

Any dwelling-house —

(a)

used wholly or partly for the purposes of any trade, business, profession or vocation by any person at the time of death of the deceased; or

(b)

passing on the death of the deceased by virtue of section 70(1)(c), shall not qualify for the relief under subsection (1).

(3)

For the purposes of this section “dwelling-houses” include any building or tenement or any part thereof, which is used, constructed or adapted to be used for human habitation.