Where the amount or value of the consideration for the sale—
Does not exceed £5 6d.
Exceeds £5 and does not exceed £25 in respect to every £5 or fraction thereof 6d.
Exceeds £25 and does not exceed £300 in respect to every £25 or fraction thereof 2s. 6d.
Exceeds £300 for every £50 and for any fractional part thereof of such amount or value 5s.
For any conveyance or transfer not previously mentioned (as, for instance, a conveyance or transfer for nominal consideration only) 10s.
Such documents cannot be stamped after thirty days from the time they are first executed, except upon payment of a penalty.
Lease.—For any definite term not exceeding a year—
Of any dwelling-house, or part of a dwelling-house, at a rent not exceeding the rate of 10 per annum 1d.
The duty may be denoted by an adhesive stamp.
(2) For any definite term less than a year—
(a) Of any furnished house or apartments whereof the rent for such term exceeds £25 2s. 6d.
|The duty may be denoted by an adhesive stamp.
(b) Of any house or land except as above, the same duty as a lease for a year at the rent reserved for the definite term.
(3) For any other definite term, or indefinite term
Of any house or land:—
(a) Where the consideration, or any part of it, consists of money in respect to such consideration, the same duty as a conveyance on sale for the same consideration.
(b') Where the consideration, or any part of it, is rent in respect to such consideration, if the rent is at a rate or average rate:
|If the term is definite, and does not exceed 35 years or is indefinite.||If the term being definite exceeds 35 years, but does not exceed 100 years.||If the term being definite exceeds 100 years.|
|Not exceeding||£5||per annum||0||0||6||0||3||0||0||6||0|
|For every full sun of £50 and for every fractional part of £50||0||5||0||1||10||0||3||0||0|
Example.—A lease for ninety-nine years for a sum of £2,000, and a ground rent of 20 a year would be liable—(1) in respect to the consideration of £2,000 in money, to a duty of £10 (5s. for every £50); and (2) in respect to the annual rent of £20, to a duty of 12s. A lease for twenty-one years at £75 per annum would require a stamp for 7s. 6d.
(4) A lease of any kind not previously mentioned 10s.
The duty payable upon a lease of any dwelling-house or part thereof for
- As to cancellation of which, see p. 1996.