FINANCE ACT 1898 - SECT 6 Removal of doubt as to 1891 c.39 ss.54, 57 so far as regards foreclosure decrees.

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FINANCE ACT 1898 - SECT 6

Removal of doubt as to 1891 c.39 ss.54, 57 so far as regards foreclosure decrees.

6. For the removal of doubts with reference to the effect of sections
fifty-four and fifty-seven of the Stamp Act, 1891, it is hereby declared that
the definition of "conveyance on sale" in the said section fifty-four includes
a decree or order for, or having the effect of an order for, foreclosure.

Provided that

(a)the ad valorem stamp duty upon any such decree or order shall not exceed
the duty on a sum equal to the value of the property to which the decree or
order relates, and where the decree or order states that value that statement
shall be conclusive for the purpose of determining the amount of the duty; and

(b)where ad valorem stamp duty is paid upon such decree or order, any
conveyance following upon such decree or order shall be exempt from the ad
valorem stamp duty.

Part IIIS.7 rep. by SLR 1908. Ss.811 rep. by 1918 c.40 s.238 sch.7

Part V (ss.13, 14)Estate Duties

S.16 rep. by SLR 1908; SLR 1950

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Northern Irish Legislation

FINANCE ACT 1898 - SECT 6