53A   Duty on lease premiums

In the case of property transferred by way of a lease for which a premium is paid or payable, duty is not chargeable under this Chapter on:

(a)  so much of the premium of a residential lease as relates to premises used, or intended to be used, exclusively as a residence, or

(b)  so much of the premium of a lease as relates to a moveable dwelling site used, or intended to be used, as the principal place of residence of the lessee.