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.[1]
(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.[1]
(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. | ||||||||||||
| £ | s. | d. | £ | s. | d. | £ | s. | d. | ||||||
| Not exceeding | £5 | per annum | 0 | 0 | 6 | 0 | 3 | 0 | 0 | 6 | 0 | |||
| Exceeding | £5 | and | not | exceeding | £10 | 0 | 1 | 0 | 0 | 6 | 0 | 0 | 12 | 0 |
| ,, | £10 | ,, | ,, | ,, | £15 | 0 | 1 | 6 | 0 | 9 | 0 | 0 | 18 | 0 |
| ,, | £15 | ,, | ,, | ,, | £20 | 0 | 2 | 0 | 0 | 12 | 0 | 1 | 4 | 0 |
| ,, | £20 | ,, | ,, | ,, | £25 | 0 | 2 | 6 | 0 | 15 | 0 | 1 | 10 | 0 |
| ,, | £25 | ,, | ,, | ,, | £50 | 0 | 5 | 0 | 1 | 10 | 0 | 3 | 0 | 0 |
| ,, | £50 | ,, | ,, | ,, | £75 | 0 | 7 | 6 | 2 | 5 | 0 | 4 | 10 | 0 |
| ,, | £75 | ,, | ,, | ,, | £100 | 0 | 10 | 0 | 3 | 0 | 0 | 6 | 0 | 0 |
| ,, | £100— | |||||||||||||
| 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
