Part VIU.K. Stamp Duties
34 Conveyances on sale, etc.U.K.
(1)—(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)References in this section to an instrument being certified at a particular amount mean that it contains a statement certifying that the transaction effected by the instrument does not form part of a larger transaction or series of transactions in respect of which the amount or value, or aggregate amount or value, of the consideration exceeds that amount; and for this purpose—
(a)any sale or contract or agreement for the sale of goods, wares or merchandise shall be disregarded in the case either—
(i)of an instrument chargeable under the said heading “Conveyance or Transfer on sale”, other than an actual conveyance or transfer of the goods, wares or merchandise (with or without other property); or
(ii)of an instrument chargeable by reference to that heading under section fifty-nine of the Stamp Act 1891 (which makes a contract or agreement for sale of certain property chargeable with duty as if it were an actual conveyance on sale); and
(b)any such statement as aforesaid shall be construed as leaving out of account any matter which in accordance with paragraph (a) of this subsection is to be disregarded.
(5)—(7) . . .
(8).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(9), (10).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
Marginal Citations
35 Miscellaneous amendments.U.K.
(1)—(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[(4)In section seventy-four of the Finance Act, 1952 (which relieves from stamp duty certain transfers of water undertakings and other property to joint boards or joint committees of local authorities, and certian conveyances and agreements for such transfers)—
(a)in paragraph (a) of subsection (1) (which relatews to transfers of water undertaking by order under the Water Act, 1945) after the words “by an order under the Water Act, 1945” there shall be inserted the words “or by or under any local Act of Parliament”, and for the words “to ajoint board or joint committee consisting exclusively of representatives of local authorities” there shall be substituted the words “any other water undertakers”;]
(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[(c)in subsection (2) (which relates to contracts and agreements for transfers of water undertakings which are conditional on orders under the Water Act, 1945) after the words “an order under the Water Act,1945” there shall be inserted the words “or under any local Act of Parliament or on the passing of such an Act”.]
[(5)No stamp duty shall be chargeable under or by reference to the heading “Conveyance or Transfer on sale” in the First Schedule to the Stamp Act 1891, on any agreement made under section fourteen of the New Towns Act 1946, by a development corporation under that Act for the transfer of the whole or part of the water undertaking or sewerage undertaking of that corporation, or on any conveyance, agreement or assignment made, or instrument executed, solely for the purpose of giving effect to such a transfer.]
(6)This section shall have effect as from the beginning of August, nineteen hundred and fifty-eight.
Textual Amendments
Marginal Citations