Exemption of institutional investors from 10% stamp duty when rental to state under long term lease.

With shadow cost of funding currently at 130% to the state it makes sense not to charge the 10% stamp duty when the units are going to be rented on to the state.

This situation has existed in PPP projects for some time now where the state is charged a mark up on a number of taxes. 

They take with one hand and give back with another - eliminating the charge lowers the overall funding cost to the state of the transaction as the above example shows.