Finance Act, 1988

Amendment of First Schedule to Stamp Act, 1891.

65.—(1) The First Schedule (as amended by the Finance Act, 1970 , and subsequent enactments) to the Stamp Act, 1891, is hereby amended by the insertion after paragraph (8) under the heading “CONVEYANCE or TRANSFER on sale of any property other than stocks or marketable securities” of the following paragraph—

“(8A) Where the amount or value of the consideration for the sale exceeds fifty thousand pounds but does not exceed sixty 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 sixty thousand pounds:

For every £50, or fractional part of £50, of the consideration


(2) The Imposition of Duties (No. 288) (Stamp Duty on Certain Instruments) Order, 1988 ( S.I. No. 8 of 1988 ), is hereby revoked.