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NINTH SCHEDULE
Stamp Duties on Instruments
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Section 64
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Part I
Bond, Covenant or Instrument of any kind whatsoever.
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(1) Being the only or principal or primary security for any annuity (except upon the original creation thereof by way of sale or security, and except a superannuation annuity), or for any sum or sums of money at stated periods, not being interest for any principal sum secured by a duly stamped instrument, nor rent reserved by a lease.
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For a definite and certain period, so that the total amount to be ultimately payable can be ascertained.
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Where the total amount does not exceed ten thousand pounds
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Exempt
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Where the total amount exceeds ten thousand pounds
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For every £200 or any fractional part of £200 of the amount secured
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25p
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For the term of life or any other indefinite period. For every £10, and also for any fractional part of £10, of the annuity or sum periodically payable
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25p
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(2) Being a collateral or auxiliary or additional or substituted security for any of the above-mentioned purposes where the principal or primary instrument is duly stamped.
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Where the amount secured does not exceed ten thousand pounds
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Exempt
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Where the total amount to be ultimately payable can be ascertained and exceeds ten thousand pounds
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50p
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In any other case:
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For every £10, and also for any fractional part of £10, of the annuity or sum periodically payable
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5p
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(3) Being a grant or contract for payment of a superannuation annuity, that is to say a deferred life annuity granted or secured to any person in consideration of annual premiums payable until he attains a specified age and so as to commence on his attaining that age.
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For every £10, and also for any fractional part of £10, of the annuity
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5p
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Part II
Conveyance or Transfer on sale of any property other than stocks or marketable securities.
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(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
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Exempt
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(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:—
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For every £50, or fractional part of £50, of the consideration
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25p
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(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:—
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For every £50, or fractional part of £50, of the consideration
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50p
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(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:—
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For every £50, or fractional part of £50, of the consideration or of the value
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50p
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(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:—
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If the amount or value of the consideration—
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Exceeds
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£6,000
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and
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does
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not
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exceed
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£6,250
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£70
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”
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£6,250
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”
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”
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”
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”
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£6,500
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£80
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”
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£6,500
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”
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”
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”
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”
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£6,750
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£90
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”
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£6,750
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”
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”
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”
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”
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£7,000
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£100
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”
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£7,000
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”
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”
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”
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”
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£7,250
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£110
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”
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£7,250
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”
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”
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”
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”
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£7,500
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£120
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(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:—
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For every £50, or fractional part of £50, of the consideration
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£1.00
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(7) Where the amount or value of the consideration for the sale exceeds ten 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:—
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For every £50, or fractional part of £50, of the consideration
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£1.50
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(8) Of any other kind whatsoever not hereinbefore described:—
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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
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£2.50
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Part III
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(3) For any other definite term or for any indefinite term of any lands, tenements, or heritable subjects—
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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—
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(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
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Exempt
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(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:—
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For every £50, or fractional part of £50, of the amount or value
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25p
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(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:—
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For every £50, or fractional part of £50, of the amount or value
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50p
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(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:—
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If the amount or value of the consideration—
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Exceeds
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£6,000
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and
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does
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not
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exceed
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£6,250
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£70
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”
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£6,250
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”
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”
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”
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”
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£6,500
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£80
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”
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£6,500
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”
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”
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”
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”
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£6,750
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£90
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”
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£6,750
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”
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”
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”
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”
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£7,000
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£100
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”
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£7,000
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”
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”
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”
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”
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£7,250
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£110
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”
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£7,250
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”
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”
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”
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”
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£7,500
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£120
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(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:—
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For every £50, or fractional part of £50, of the amount or value
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£1.00
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(f) The amount or value of such consideration exceeds ten 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:—
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For every £50, or fractional part of £50, of the amount or value
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£1.50
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(g) The case is of any other kind whatsoever not hereinbefore described:—
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For every £50, or fractional part of £50, of the amount or value
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£2.50
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Where the consideration or any part of the consideration is any rent:
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In respect of such consideration:
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If the rent, whether reserved as a yearly rent or otherwise, is at a rate or average rate:
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If the term does not exceed 35 years, or is indefinite.
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If the term exceeds 35 years, but does not exceed 100 years.
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If the term exceeds 100 years.
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Not exceeding £5 per annum
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5p
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30p
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60p
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Exceeding—
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£5
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and
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not
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exceeding
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£10
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10p
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60p
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£1.20
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£10
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”
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”
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”
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£15
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15p
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90p
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£1.80
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£15
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”
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”
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”
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£20
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20p
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£1.20
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£2.40
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£20
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”
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”
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”
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£25
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25p
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£1.50
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£3.00
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£25
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”
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”
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”
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£50
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50p
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£3.00
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£6.00
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£50
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”
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”
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”
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£75
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75p
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£4.50
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£9.00
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£75
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”
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”
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”
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£1.00
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£1.00
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£6.00
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£12.00
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£100
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For every full sum of £50, and also for any fractional part of £50 thereof
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50p
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£3.00
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£6.00
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PART IV
Mortgage, Bond, Debenture, Covenant (except a marketable security) and Warrant of Attorney to confess and enter up judgment.
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(1) Being the only or principal or primary security (other than an equitable mortgage) for the payment or repayment of money—
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Not exceeding ten thousand pounds
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Exempt
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Exceeding ten thousand pounds—
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For every two hundred pounds, or any fractional part of two hundred pounds, of the amount secured
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25p
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(2) Being a collateral, or auxiliary, or additional, or substituted security (other than an equitable mortgage), or by way of further assurance for the above-mentioned purpose where the principal or primary security is duly stamped—
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Where the amount secured does not exceed ten thousand pounds
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Exempt
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Where the amount secured exceeds ten thousand pounds
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50p
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(3) Being an equitable mortgage:
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Where the amount secured does not exceed ten thousand pounds
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Exempt
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Where the amount secured exceeds ten thousand pounds:
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For every one hundred pounds, and also for any fractional part of one hundred pounds
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5p
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(4) Transfer, Assignment, or Disposition of any mortgage, bond, debenture, or covenant (except a marketable security) or of any money or stock secured by any such instrument, or by any warrant of attorney to enter up judgment, or by any judgment.
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Where the amount secured does not exceed ten thousand pounds
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Exempt
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Where the amount secured exceeds ten thousand pounds:
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For every two hundred pounds, and also for any fractional part of two hundred pounds, of the amount transferred, assigned, or disposed, exclusive of interest which is not in arrear
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5p
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And also where any further money is added to the money already secured
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The same duty as a principal security for such further money.
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(5) Reconveyance, Release, Discharge, Surrender, Resurrender, or Renunciation of any such security as aforesaid, or of the benefit thereof, or of the money thereby secured:
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Where the amount secured does not exceed ten thousand pounds
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Exempt
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Where the amount secured exceeds ten thousand pounds:
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For every two hundred pounds, and also for any fractional part of two hundred pounds of the total amount or value of the money at any time secured
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5p
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