Stamp Duties Consolidation Act, 1999

Chapter 4

Sale of stamps

Power to grant licences to deal in stamps.

[SDMA1891 s3]

146.—(1) The Commissioners may, in their discretion, grant a licence to any person to deal in stamps at any place to be named in the licence.

(2) The licence shall specify the full name and place of abode of the person to whom the same is granted, and a description of every house, shop, or place, in or at which such person is authorised to deal in stamps.

(3) Every person to whom a licence is granted shall give security in the sum of £1,000 in such manner and form as the Commissioners shall prescribe, and, if by bond, the bond shall be exempt from stamp duty.

(4) One licence and one bond only shall be required for any number of persons in partnership, and the licence may at any time be revoked by the Commissioners.

(5) Every person licensed to deal in stamps shall cause to be visibly and legibly painted and shall keep so painted in letters of not less than one inch in length on some conspicuous place on the outside of the front of every house, shop, or place in or at which such person is licensed to deal in stamps, such person's full name, together with the words “Licensed to sell stamps”, and for every neglect or omission so to do shall incur a penalty of £1,000.