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FINANCE ACT (NORTHERN IRELAND) 1963 - SECT 4

4.(1) Subject to sub-sections (2) and (3) and to the following provisions of
this Part the stamp duty chargeable under the heading "Conveyance or Transfer
on sale" in Schedule 1 to the Stamp Act 1891 shall be charged by reference to
the amount or value of the consideration for the sale at the following rates,
that is to say

(2) In relation to duty chargeable under or by reference to the said heading
as it applies to a conveyance or transfer of stock or marketable securities,
and to duty chargeable by reference to that heading by virtue of the heading
"Lease or Tack" in Schedule 1 to the Stamp Act 1891 in a case where part of
the consideration consists of rent and that rent exceeds [#250] a year,
sub-section (1) shall have effect as if [paragraphs (a) to (d)], and the words
"in any other case" in [paragraph (e)], were omitted.

(3) Nothing in this section shall affect any enactment imposing an upper limit
on the amount of duty chargeable ad valorem.

(4) If as respects any instrument this section operates to provide that stamp
duty chargeable under the heading "Conveyance or Transfer on sale" in Schedule
1 to the Stamp Act 1891 shall be charged at a nil rate, that instrument shall
not be chargeable with stamp duty under the headings "Deed of any kind
whatsoever, not described in this schedule" ... in the said Schedule 1.

© 1963 Crown Copyright

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