Part III Supplemental

112. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

Composition for certain Stamp Duties.

114. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

115. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3

116. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4

Miscellaneous

117 Conditions and agreements as to stamp duty void.

Every condition of sale framed with the view of precluding objection or requisition upon the ground of absence or insufficiency of stamp upon any instrument executed after the sixteenth day of May one thousand eight hundred and eighty-eight, and every contract, arrangement, or undertaking for assuming the liability on account of absence or insufficiency of stamp upon any such instrument or indemnifying against such liability, absence, or insufficiency, shall be void.

118. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5

119 Instruments relating to Crown property.

Except where express provision to the contrary is made by this or any other Act, an instrument relating to property belonging to the Crown, or being the private property of the sovereign, is to be charged with the same duty as an instrument of the same kind relating to property belonging to a subject.

F13120 As to instruments charged with duty of 35s.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F6121. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

122 Definitions.

C1C31

In this Act, unless the context otherwise requires,—

  • The expression “Commissioners” means Commissioners of Inland Revenue:

  • The expression “material” includes every sort of material upon which words or figures can be expressed:

  • C2The expression “instrument” includes every written document:

  • The expression “stamp” means as well a stamp F16produced by means of a die as an adhesive stamp:

  • The expression “stamped”, with reference to instruments and material, applies as well to instruments and material F17bearing stamps produced by means of a die as to instruments and material having adhesive stamps affixed thereto:

  • The expressions “executed” and “execution”, with reference to instruments not under seal, mean signed and signature: F7(but subject to subsection (1A) of this section)

  • The expression “money” includes all sums expressed in British or in any foreign or colonial currency:

  • The expression “stock” includes any share in any stocks or funds transferable F12 by the Registrar of Government Stock F8. . ., F9any strip (within the meaning of section 47 of the M1Finance Act 1942) of any such stocks or funds,. . . and any share in the stocks or funds of any foreign or colonial state or government, or in the capital stock or funded debt of any county council, corporation, company, or society in the United Kingdom, or of any foreign or colonial corporation, company, or society:

  • The expression “marketable security” means a security of such a description as to be capable of being sold in any stock market in the United Kingdom:

  • F14...

  • F15“The expression “tribunal” means the First-tier Tribunal or, where determined by or under Tribunal Procedure Rules, the Upper Tribunal”.

F101A

For the purposes of this Act a deed (or, in Scotland, a deed for which delivery is required) shall be treated as executed when it is delivered or, if it is delivered subject to conditions, when the conditions are fulfilled

2

In the application of this Act to Scotland expressions referring to the High Court shall be construed as referring to the Court of Session sitting as the Court of Exchequer.

Repeal; Commencement; Short Title

123. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F11

124 Commencement.

This Act shall come into operation on the first day of January one thousand eight hundred and ninety-two.

125 Short title.

This Act may be cited as the Stamp Act 1891.