SCHEDULES
SCHEDULE 13 Stamp duty: instruments chargeable and rates of duty
C1C2Part I Conveyance or transfer on sale
Sch. 13 Pt. I modified (retrospective to 28.3.2000 and with effect as mentioned in s. 118(10)(11) of the amending Act) by 2000 c. 17, s. 118 (with s. 118(9))
Sch. 13 Pt. I modified (retrospective to 28.3.2000 and with effect as mentioned in s. 119(11)(12) of the amending Act) by 2000 c. 17, s. 119 (with s. 120)
Sch. 13 Pt. I modified (retrospective to 28.3.2000 and with effect as mentioned in s. 122(8)(9) of the amending Act) by 2000 c. 17, s. 122
Sch. 13 Pt. I amended (11.5.2001 with effect as mentioned in s. 92(8) of the amending Act) by 2001 c. 9, s. 92, Sch. 30 para. 1(1); S.I. 2001/3748, art. 2
Sch. 13 Pt. I excluded (11.5.2001 with effect as mentioned in s. 92(8) of the amending Act) by 2001 c. 9, s. 92(1); S.I. 2001/3748, art. 2
Rates of duty
2
Duty under this Part is chargeable by reference to the amount or value of the consideration for the sale.
3
In the case of a conveyance or transfer of stock or marketable securities the rate is 0.5%.
4
In the case of any other conveyance or transfer on sale the rates of duty are as follows—
1. | Where the amount or value of the consideration is £60,000 or under and the instrument is certified at £60,000 | Nil |
2. | Where the amount or value of the consideration is £250,000 or under and the instrument is certified at £250,000 | 1% |
3. | Where the amount or value of the consideration is £500,000 or under and the instrument is certified at £500,000 | F13% |
4. | Any other case | F24% |
5
The above provisions are subject to any enactment setting a different rate or setting an upper limit on the amount of duty chargeable.
Sch. 13 Pt. I excluded (28.7.2000 with effect as mentioned in s. 130(10) of the amending Act) by 2000 c. 17, s. 130(1)(10)