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A contract of insurance is issued in March 2006 with an inception date of 1 March 2006 and is cancelled in March 2006. Can part of the stamp duty paid be refunded under the new provisions?

April 26, 2017cancelled contract duty inception Insurance issued march 2006 stamp

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A contract of insurance is issued in March 2006 with an inception date of 1 March 2006 and is cancelled in March 2006. Can part of the stamp duty paid be refunded under the new provisions?

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Yes, if this policy is subject to the new Part IIIF. A refund of stamp duty can be made but must be refunded to the insured person if the insured person paid the stamp duty to the insurer.