Finance Act, 1953

Exemption for certain receipts.

13.—(1) The following exemption shall be substituted for exemption numbered (6) under the heading “Receipt given for, or upon the payment of, money amounting to £2 or upwards” in the First Schedule to the Stamp Act, 1891:

“(6) Receipt given for or on account of any salary, pay or wages, or for or on account of any other like payment made to or for the account or benefit of any person, being the holder of an office or an employee, in respect of his office or employment, or for or on account of money paid in respect of any pension, superannuation allowance, compassionate allowance or other like allowance.”

(2) Subsection (2) of section 38 of the Finance Act, 1926 (No. 35 of 1926), and section 36 of the Finance Act, 1935 (No. 28 of 1935), are hereby repealed.