112(1)  Subsection (2) below applies where part of the property referred to in section 58(1) of the Stamp Act 1891 (consideration to be apportioned between different instruments as parties think fit) consists of exempt property.

112(2)  Section 58(1) shall have effect as if “the parties think fit” read “is just and reasonable”.

112(3)  Subsection (4) below applies where–

(a)part of the property referred to in section 58(2) of the Stamp Act 1891 (property contracted to be purchased by two or more persons etc.) consists of exempt property, and

(b)both or (as the case may be) all the relevant persons are connected with one another.

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