Section 15 Surcharges for undervaluation in case of voluntary dispositions inter vivos

Summary

This section, which imposed surcharges where the value of property had been understated, has been abolished in respect of instruments executed on or after 7 July 2012. For such instruments, where an undervaluation of property is included in the stamp duty return filed under the e-stamping system, penalties relating to the filing of an incorrect return will be incurred (see section134A).

Relevant Date: Finance Act 2014