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14 1982

FINANCE ACT, 1982

[GA]
[GA]

FOURTH SCHEDULE

Stamp Duty on Instruments

Section 94 .

Part I

DUPLICATE or COUNTERPART of any instrument chargeable with any duty.

Where such duty does not amount to £5.00

The same duty as the original instrument.

In any other case

£5.00

Part II

POLICY OF LIFE INSURANCE.

Where the sum insured exceeds £50 but does not exceed £1,000:

For every full sum of £100, and also for any fractional part of £100, of the amount insured

10p.

Exceeds £1,000:

For every full sum of £1,000, and also for any fractional part of £1,000, of the amount insured

£1.00

POLICY OF LIFE INSURANCE made for a period not exceeding two years

10p.

POLICY OF INSURANCE other than Life Insurance.

Where there is one premium only and the amount thereof equals or exceeds £15 or, where there is more than one premium and the total amount payable in respect thereof in any period of 12 months equals or exceeds £15

£1.00.

Part III

(4) Where in the case of a conveyance or transfer on sale or in the case of a conveyance or transfer operating as a voluntary disposition inter vivos the consideration for the sale or the value of the property exceeds one thousand pounds and the instrument contains a certificate by the party to whom the property is being conveyed or transferred to the effect that the person becoming entitled to the entire beneficial interest in the property (or, where more than one person becomes entitled to a beneficial interest therein, each of them) is related to the person or each of the persons immediately theretofore entitled to the entire beneficial interest in the property in one or other of the following ways, that is to say, as a lineal descendant, parent, grand-parent, step-parent, husband or wife, brother or sister of a parent or brother or sister, or lineal descendant of a parent, husband or wife or brother or sister:—

A duty of an amount equal to one-half of the amount of the ad valorem stamp duty which, but for the provisions of this paragraph, would be chargeable under this Heading.