Clause 3

by deleting the word “or” at the end of subsection (1)(a);

by deleting the full-stop at the end of paragraph (b) of subsection (1) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(c)the conversion of a firm to a limited liability partnership under section 20 of the Limited Liability Partnerships Act 2004.”;

by inserting, immediately after subsection (3), the following subsection:“(4) In subsection (1), “firm” has the same meaning as in section 2(1) of the Business Registration Act (Cap. 32).”; and

by deleting the section heading and substituting the following section heading:“Relief from ad valorem stamp duty”.