First Previous (THIRD SCHEDULE Increase in Stock Values: Supplementary Provisions)

6 1975

FINANCE ACT, 1975

FOURTH SCHEDULE

Stamp Duties on Instruments

section 48.

Part I

Conveyance or Transfer on sale of any property other than stocks or marketable securities.

(1) Where the amount or value of the consideration for the sale does not exceed one thousand pounds and the instrument contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration exceeds one thousand pounds

Exempt

(2) Where the amount or value of the consideration for the sale exceeds one thousand pounds but does not exceed two thousand pounds and the instrument contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration exceeds two thousand pounds:—

For every £50, or fractional part of £50, of the consideration

25p

(3) Where the amount or value of the consideration for the sale exceeds two thousand pounds but does not exceed six thousand pounds and the instrument contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration exceeds six thousand pounds:—

For every £50, or fractional part of £50, of the consideration

50p

(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 six 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, grandparent, 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:—

For every £50, or fractional part of £50, of the consideration or of the value

50p

(5) Where the amount or value of the consideration for the sale exceeds six thousand pounds but does not exceed seven thousand five hundred pounds and the instrument contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration exceeds seven thousand five hundred pounds:—

If the amount or value of the consideration—

Exceeds £6,000 and does not exceed £6,250

£70

     ”           £6,250      ”     ”        ”        ”          £6,500

£80

     ”           £6,500      ”     ”        ”        ”          £6,750

£90

     ”           £6,750      ”     ”        ”        ”          £7,000

£100

     ”           £7,000      ”     ”        ”        ”          £7,250

£100

     ”           £7,250      ”     ”        ”        ”          £7,500

£120

(6) Where the amount or value of the consideration for the sale exceeds seven thousand five hundred pounds but does not exceed ten thousand pounds and the instrument contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration exceeds ten thousand pounds:—

For every £50, or fractional part of £50, of the consideration

£1·00

(7) Where the amount or value of the consideration for the sale exceeds ten thousand pounds but does not exceed twenty thousand pounds and the instrument contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration exceeds twenty thousand pounds:—

For every £50, or fractional part of £50, of the consideration

£1·50

(8) Where the amount or value of the consideration for the sale exceeds twenty thousand pounds but does not exceed fifty thousand pounds and the instrument contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration exceeds fifty thousand pounds:—

For every £50, or fractional part of £50, of the consideration

£2·00

(9) Of any other kind whatsoever not hereinbefore described:—

For every £50, or fractional part of £50, of the amount or value of the consideration for the sale, or, in the case of a conveyance or transfer operating as a voluntary disposition inter vivos, of the value of the property conveyed or transferred

£3.00

Part II

(3) For any other definite term or for any indefinite term of any lands, tenements, or heritable subjects—

Where the consideration, or any part of the consideration (other than rent), moving either to the lessor or to any other person, consists of any money, stock, or security, and—

(a) The amount or value of such consideration does not exceed one thousand pounds and the lease contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration other than rent exceeds one thousand pounds

Exempt

(b) The amount or value of such consideration exceeds one thousand pounds but does not exceed two thousand pounds and the lease contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration other than rent exceeds two thousand pounds:—

For every £50, or fractional part of £50, of the amount or value

25p

(c) The amount or value of such consideration exceeds two thousand pounds but does not exceed six thousand pounds and the lease contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration other than rent exceeds six thousand pounds:—

For every £50, or fractional part of £50, of the amount or value

50p

(d) The amount or value of such consideration exceeds six thousand pounds but does not exceed seven thousand five hundred pounds and the lease contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration other than rent exceeds seven thousand five hundred pounds:—

If the amount or value of the consideration—

Exceeds £6,000 and does not exceed £6,250

£70

     ”           £6,250      ”     ”        ”        ”          £6,500

£80

     ”           £6,500      ”     ”        ”        ”          £6,750

£90

     ”           £6,750      ”     ”        ”        ”          £7,000

£100

     ”           £7,000      ”     ”        ”        ”          £7,250

£110

     ”           £7,250      ”     ”        ”        ”          £7,500

£120

(e) The amount or value of such consideration exceeds seven thousand five hundred pounds but does not exceed ten thousand pounds and the lease contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration other than rent exceeds ten thousand pounds:—

For every £50, or fractional part of £50, of the amount or value

£1·00

(f) The amount or value of such consideration exceeds ten thousand pounds but does not exceed twenty thousand pounds and the lease contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration other than rent exceeds twenty thousand pounds:—

For every £50, or fractional part of £50, of the amount or value

£1·50

(g) The amount or value of such consideration exceeds twenty thousand pounds but does not exceed fifty thousand pounds and the lease contains a statement certifying that the transaction thereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration other than rent exceeds fifty thousand pounds:—

For every £50, or fractional part of £50, of the amount or value

£2·00

(h) The case is of any other kind whatsoever not hereinbefore described:—

For every £50, or fractional part of £50, of the amount or value

£3·00

Where the consideration or any part of the consideration is any rent:

In respect of such consideration:

If the rent, whether reserved as a yearly rent or otherwise, is at a rate or average rate:

If the term does not exceed 35 years, or is indefinite.

If the term exceeds 35 years, but does not exceed 100 years.

If the term exceeds 100 years.

Not exceeding £5 per annum

5p

30p

60p

Exceeding—

£5 and not exceeding £10

10p

60p

£1·20

£10  ”     ”             ”           £15

15p

90p

£1·80

£15  ”     ”             ”           £20

20p

£1·20

£2·40

£20  ”     ”             ”           £25

25p

£1·50

£3·00

£25  ”     ”             ”           £30

50p

£3·00

£6·00

£30  ”     ”             ”           £35

75p

£4·50

£9·00

£35  ”     ”             ”           £40

£1·00

£6·00

£12·00

£100

For every full sum of £50, and also for any fractional part of £50 thereof

50p

£3·00

£6·00