Finance Act, 1947


Stamp Duties.

Increase of stamp duties on transfers of stock and marketable securities.

18.—The stamp duties chargeable on conveyances or transfers of stocks or marketable securities under the heading “Conveyance or Transfer on Sale of any property” in the First Schedule to the Stamp Act, 1891, as amended by sections 73 and 74 of the Finance (1909-10) Act, 1910 , and section 36 of the Finance Act, 1920 , shall, on and after the 1st day of August, 1947, be double the duties immediately theretofore chargeable on those conveyances or transfers.