Stamp Duty Act
61. Duty on leases granted for inadequate consideration
61. Duty on leases granted for inadequate consideration
A lease granted for a consideration which in the opinion of the Collector is inadequate, unless it is a lease granted by the Government, shall, in respect of the consideration therefor, be charged in accordance with the foregoing provisions; and such a lease shall also be charged as if it were an instrument operating as a voluntary disposition inter vivos in respect of the value of the leasehold interest after deducting the amount of the consideration.[LN 236 of 1964, Sch., Act No. 21 of 1966, Sch.]Source: Kenya Law