BAILII [Home] [Databases] [World Law] [Search] [Feedback]

Northern Irish Legislation

You are here:  BAILII >> Databases >> Northern Irish Legislation >> FINANCE ACT (NORTHERN IRELAND) 1966

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]


FINANCE ACT (NORTHERN IRELAND) 1966 - SECT 5

Stamp duty on life policies not exceeding two years.

5.(1) The maximum amount chargeable by way of stamp duty on any policy of life
insurance made on or after 1st August 1966 for a period not exceeding two
years shall be [5p].

(2) For the purposes of this section, a policy shall be treated as made for a
period exceeding two years if it contains any provision [whereby it may become
available for a period exceeding two years in all.]

(3) Where, at any time after the making of a policy on which the duty
chargeable would, but for subsection (1), have exceeded [5p], the policy is
varied so as to become available for a period exceeding two years in all, the
policy shall become chargeable with the same duty as would have been
chargeable if it had been made on the date of the variation for a period
exceeding two years, and may be stamped accordingly, without penalty, at any
time within thirty days after that date.

Part III(ss.68) rep. by 1972 c.10 (NI) s.37(4) sch.10 Pt.I

Grants towards customs or excise duty charged on fuel used in operating bus
services.



[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

© 1966 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/fai1966226/s5.html