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| STAMP
DUTY ON TRANSFER All transfer of property attract Government Stamp Duty regardless whether the acquirer gives consideration for the transfer or not.
STAMP DUTY ON CHARGES A charge on a property is an instrument created by statute, namely the National Land Code (NLC). It affords the Borrower a loan granted by a Licensed Financial Institution over the property charged. Stamp duty is calculated at the rate of approximately 0.5% of the loan amount. |
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