S.I. No. 8/1988 - Imposition of Duties (No. 288) (Stamp Duty on Certain Instruments) Order, 1988.

S.I. No. 8 of 1988.


The Government, in exercise of the powers conferred on them by section 1 of the ( Imposition of Duties Act, 1957 ) (No. 7 of 1957), and ( section 22 of the Finance Act, 1962 ) (No. 15 of 1962), hereby order as follows:

1. This Order may be cited as the Imposition of Duties (No. 288) (Stamp Duty on Certain Instruments) Order, 1988.

2. This Order shall come into operation on the 28th day of January, 1988, and shall not have effect with respect to any instrument executed before that date.

3. The First Schedule (as amended by the ( Finance Act, 1970 ) (No. 14 of 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


4. This Order shall be construed together with the Stamp Act, 1891, and the enactments amending or extending that Act.

GIVEN under the Official Seal of the Government,

this 26th day of January, 1988.




This Order gives effect to the decision announced in the Budget statement to reduce the rate of stamp duty from 6 per cent to 5 per cent in the case of a conveyance or transfer on sale where the amount or value of the consideration exceeds £50,000 but does not exceed £60,000.