Section 56 Stamp Duties Act

Section 56 of Stamp Duties Act 1939 is about How conveyance in consideration of a debt is to be charged. It provides as follows:

Where any property is conveyed to any person in consideration, wholly or in part, of any debt due to him, or subject either certainly or contingently to the payment or transfer of any money or stock, whether being or constituting a charge or incumbrance upon the property or not, the debt, money or stock shall be deemed the whole or part, as the case may be, of the consideration in respect whereof the conveyance is chargeable with ad valorem duty.