CHAPTER 361

An Act to amend and reenact § 58-61, as amended, of the Code of Virginia,
relating to what deeds not taxable upon recordation. 8 $857

Approved March 381, 1964

Be it enacted by the General Assembly of Virginia:

1. That § 58-61, as amended, of the Code of Virginia be amended and
reenacted, as follows:

— § 58-61. No additional recordation tax shall be required for admitting
to record any deed of confirmation or deed of correction or deed in which
a husband and wife being tenants in common, joint tenants or tenants by
the entireties whether or not with right of survivorship as at common law
are both grantors and grantees from themselves to themselves, the only
change being one of tenancy, when the tax has been paid at the time of
the recordation of the original deed or on any deed arising out of a contract
to purchase real estate, when the tax as provided in § 58-58, with reference
to such contract, has been paid; provided, that, if the tax already paid is
less than a proper tax based upon the full amount of consideration or actual
value of the property involved in the transaction, an additional tax shall
be paid based on the difference between the full amount of such considera-
tion or actual value and the amount on which the tax has been paid.