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In respect of the recording of a conveyance, including absolute conveyance, voluntary or judicial, either for a price or as a gift or in implement of trust or other purpose, completion of title by decree or by Notice of Title, feu-right, lease, deed creating a ground annual or other yearly or periodical payment where there is a transfer of heritable subjects not in security, and generally all deeds transferring an absolute right to heritable subjects, the fee to be charged shall be calculated as follows:–
(a)where a conveyance for a consideration is recorded, on the amount of the consideration or the value of the heritable subjects transferred or passing, whichever is the greater; or
(b)in any other case, on the value of the heritable subjects transferred or passing;
and shall be at the rates shown in Table A in Part XI of this Schedule subject to the provisions of Part III of this Schedule and to the following provisions:–
(i)where the consideration consists of a yearly or periodical payment, the amount of that consideration shall be the capitalised amount of the payment, calculated at 10 years' purchase;
(ii)where an excambion is effected by more than one deed, a fee will be charged for each deed on the value of the subjects therein, and where an excambion is effected by one deed, the fee will be calculated on the total value of the subjects therein;
(iii)where a Notice of Title is recorded along with another deed feuing or leasing the whole of the same subjects a fixed fee will be charged on that Notice of Title.
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