Section 8: (1) Documents witnessing a transfer for valuable consideration of

8. (1) Documents witnessing a transfer for valuable consideration of shares, irrespective of the date of which the transfer takes place— (a) in any financial, commercial, industrial or civil society, partnership or association; R15 – 31 [Issue 7] Registration Duty Act (b) in any company which reckons among its assets— (i) any freehold or leasehold immovable property; or (ii) any shares in a partnership which reckons among its assets such property, or any share that the partnership holds in any other partnership, successive partnership, company or successive company which reckons among its assets such property; or (ii) any shares in a company which reckons among its assets such property, or any shares that the company holds in any other company, successive company, partnership or successive partnership which reckons among its assets such property. (2) For the purpose of sub-item (1) (b) (ii) and (iii), where a company holds less than 10 per cent of the shareholding in a successive company or less than 10 per cent of the shares in a successive partnership, the successive company or successive partnership shall not be deemed to be a successive company or successive partnership. (3) Sub-item (2) shall not apply where the 10 per cent of the shareholding gives right to an immovable property or a part sociale which gives right to an immovable property or a lot in a règlement de co-propriété. (4) Any transfer of shares in a company or issue of shares by a company or transfer of a part sociale in a société which gives rise to a right to the ownership, occupation or usage of an immovable property or any part thereof to a person.