Section 59 Stamp Duties Act

Section 59 of Stamp Duties Act 1939 is about Where interest in land transferred by sale and possession without a conveyance. It provides as follows:

Where any instrument which purports to convey any estate or interest in land, hereditament or heritage does not operate in law to transfer such estate or interest, then, if the instrument constitutes an agreement or contract to sell such estate or interest, it shall be deemed to be a contract or agreement within the meaning of section 58 of this Act: Provided that where the purchaser is entitled to such an estate or interest by virtue of an instrument creating or transferring the same and such estate, interest or instrument is registered under any Act, any contract or agreement for the sale of such estate or interest shall not be chargeable with duty under section 58 of this Act.