Finance Act, 1951

Alteration of stamp duties on leases.

18.—(1) Section 24 of the Finance Act, 1949 (No. 13 of 1949), is hereby amended as follows:

(a) by the substitution for “two pounds ten shillings” in subsection (1) of “one pound ten shillings”,

(b) by the substitution for the table set out in subsection (3) of the following table:

“Exceeds £500 and does not exceed           £550

£5

10s.

£550

£600

£7

£600

£650

£9

£650

£700

£12

£700

£750

£15

£750

£800

£18

£800

£850

£21

£850

£900

£24

£900

£950

£27

£950

£1,000

£30.

(2) A reference in any statutory provision to subsection (1), subsection (3) or subsections (1) and (3) of section 24 of the Finance Act, 1949 , shall, where appropriate, be construed as a reference to the said subsection (1), subsection (3) or subsections (1) and (3) (as the case may require) as amended by this section.

(3) This section shall come into operation on the 1st day of August, 1951, or the date of the passing of this Act, whichever is the later, and shall not have effect with respect to any instrument executed before such coming into operation.