SCHEDULES
F1SCHEDULE 11
PART I PROVISIONS HAVING EFFECT IN GREAT BRITAIN
Lease or tack
10
1
The heading “Lease or Tack” in Schedule 1 to the M1Stamp Act 1891 shall be amended as follows.
2
The duty chargeable under paragraph (2)(a) and paragraph (4) shall be £1 and £2 respectively (instead of 50p and £1 as provided by section 56(2) of the M2Finance Act 1963), and the rates of duty specified in the said paragraphs (2)(a) and (4) shall be amended accordingly.
3
For the table set out in paragraph (3), as substituted by section 56(1) of the Finance Act 1963 and amended by section 125(3) of the M3Finance Act 1972, substitute—
If the term does not exceed 7 years or is indefinite | If the term exceeds 7 years but does not exceed 35 years | If the term exceeds 35 years but does not exceed 100 years | If the term exceeds 100 years | |
|---|---|---|---|---|
£p | £p | £p | £p | |
Not exceeding £5 per annum. | Nil | 0.10 | 0.60 | 1.20 |
Exceeding £5 and not exceeding £10. | Nil | 0.20 | 1.20 | 2.40 |
Exceeding £10 and not exceeding £15. | Nil | 0.30 | 1.80 | 3.60 |
Exceeding £15 and not exceeding £20. | Nil | 0.40 | 2.40 | 4.80 |
Exceeding £20 and not exceeding £25. | Nil | 0.50. | 3.00 | 6.00 |
Exceeding £25 and not exceeding £50. | Nil | 1.00 | 6.00 | 12.00 |
Exceeding £50 and not exceeding £75. | Nil | 1.50 | 9.00 | 18.00 |
Exceeding £75 and not exceeding £100. | Nil | 2.00 | 12.00 | 24.00 |
Exceeding £100 and not exceeding £150. | Nil | 3.00 | 18.00 | 36.00 |
Exceeding £150 and not exceeding £200. | Nil | 4.00 | 24.00 | 48.00 |
Exceeding £200 and not exceeding £250. | Nil | 5.00 | 30.00 | 60.00 |
Exceeding £250 and also for any fraction part thereof. | 0.50 | 1.00 | 6.00 | 12.00 |
Sch. 11 repealed (27.7.1999 with effect as mentioned in Sch. 20 Pt. V(2) notes 1, 2 of the amending Act) by 1999 c. 16, s. 139, Sch. 20 Pt. V(2)