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STAMP ACT 1891 - SECT 55

How ad valorem duty to be calculated in respect of stock and securities.

55.(1) Where the consideration, or any part of the consideration, for a
conveyance on sale consists of any stock or marketable security, the
conveyance is to be charged with ad valorem duty in respect of the value of
the stock or security.

(2) Where the consideration, or any part of the consideration, for a
conveyance on sale consists of any security not being a marketable security,
the conveyance is to be charged with ad valorem duty in respect of the amount
due on the day of the date thereof for principal and interest upon the
security.

© 1891 Crown Copyright

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