13For the Table set out in Part I of Schedule 1 to the Finance Act (Northern Ireland) 1963 (ad valorem duty on conveyance or transfer on sale), as substituted by paragraph 10 of Schedule 2 to the Finance Act (Northern Ireland) 1970 and amended by Article 12(1) of the [S.I. 1972/1100.] Finance (Northern Ireland) Order 1972, substitute—
| Amount or value of consideration | Special rate for certain instruments certified at £20,000 | Special rate for certain instruments certified at £25,000 | Special rate for certain instruments certified at £30,000 | Ordinary rate |
|---|---|---|---|---|
| Not exceeding £5. | 5p | 5p | 10p | 10p |
| Exceeding £5 but not exceeding £100. | 5p for every £10 or part of £10 of the consideration | 10p for every £10 or part of £10 of the consideration | 15p for every £10 or part of £10 of the consideration | 20p for every £10 or part of £10 of the consideration |
| Exceeding £100 but not exceeding £300. | 10p for every £20 or part of £20 of the consideration | 20p for every £20 or part of £20 of the consideration | 30p for every £20 or part of £20 ot the consideration | 40p for every £20 or part of £20 of the consideration |
| Exceeding £300. | 25p for every £50 or part of £50 of the consideration | 50p for every £50 or part of £50 of the consideration | 75p for every £50 or part of £50 of the consideration | £1 for every £50 or part of £50 of the consideration |
14(1)Section 4 of the Finance Act (Northern Ireland) 1963 (rates of ad valorem duty on conveyance or transfer on sale) shall be amended as follows.
(2)For paragraphs (a) to (c) of subsection (1) (exemption from, and reduced and ordinary rates of, such duty), as amended by Article 12(1) of the Finance (Northern Ireland) Order 1972, substitute—
“(a)where the amount or value of the consideration is £15,000 or under and the instrument is certified within the meaning of section 7(4) of the [1958 c. 14 (N.I.).] Finance Act (Northern Ireland) 1958 at £15,000, nil;
(b)where the amount or value of the consideration is £20,000 or under and the instrument is certified as aforesaid at £20,000, the rate specified in column 2 of Part I of Schedule 1 to this Act;
(c)where the amount or value of the consideration is £25,000 or under and the instrument is certified as aforesaid at £25,000, the rate specified in column 3 of Part I of that Schedule ;
(d)where the amount or value of the consideration is £30,000 or under and the instrument is certified as aforesaid at £30,000, the rate specified in column 4 of Part I of that Schedule ;
(e)in any other case, the rate specified in column 5 of Part I of that Schedule.”
(3)In subsection (2), for " paragraphs (a) and (b)" and " paragraph (c) " substitute " paragraphs (a) to (d) " and " paragraph (e) " respectively.
15In section 11(2) of the [1963 c. 22 (N.I.).] Finance Act (Northern Ireland) 1963 (rate of duty in respect of a transfer of commonwealth stock), as amended by paragraph 11 of Schedule 2 to the [1970 c. 21 (N.I.).] Finance Act (Northern Ireland) 1970, for the words from " shall be " to the end substitute " shall be 10p for every £20 or part of £20 of the consideration if the amount or value thereof does not exceed £300 and, in any other case, 50p for every £100 or part of £100 of the consideration. "