1967-HKRS29-8-34_Part02 — Page 40

Amendment of section 27.

Amendment Of Schedule.

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or series of transactions in respect of which the amount or value, or aggregate amount or value, of the consideration exceeds that amount."

·

3. Subsection (1) of section 27 of the principal Ordinance is amended by inserting, after "conveyance or transfer on sale.", the following-

"other than a conveyance on sale to which subhead (1) of head 19 of the Schedule applies,”.

4. The Schedule to the principal Ordinance is amended-

(a) by deleting head 19 and substituting the following-

"CONVEYANCE ON SALE

as beneath.

ON

19. (1) CONVEYANCE SALE of land (the duty to be calcu- lated on the amount or value of the consideration on the day of the date of the instrument)—

(a) if the amount or value of the consideration does not exceed $20,000 and the instrument is certifled in accordance with section 12A at $20,000;

Note: See also section 6 as to excess stamp duty.

(6) if the amount or value of the consideration exceeds $20,000 but does not exceed $20,180 and the instrument is certified in accordance with section 12A at $20,180;

Note: See also section 6 as to excess stamp duty.

(c) if the amount or valse of the consideration exceeds $20,180 but does not exceed $40,000 and the instrument is certified in accordance with section

12A at $40,000:

Noter See also section & as to excess stamp duty.

(a) $20.

(8) 30 days after

execution.

(0)

All parties executing.

(a) 320 with the

addition thereto of an amount, nal exceeding $180,

by which the

amount or value

of the consider- tion exceeds $20,000.

(5) 30 days after execution,

{} All parties

executing

(a) $1 for every $100 or part thereof of the amount or value of the consideration.

(5) 30 days after execution.

(c) All parties

executing.

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(d) if the amount or value of the consideration exceeds $40,000

but does not exceed $40.400 and the instrument is certified in accordance with section 12A at $40,400.,

Nore: See also section 6

as to excess stamp duty.

19. (2) CONVEYANCE ON SALE, ather than a conveyance on sale to which subhead (1) of this head applies (the duty to be calculated on the amount or value of the considera- tion on the day of the date of the instrument).

(a) $1 for every $100

or part thereof of the amount Or value of the consideration with the addition thereto of an amount, noL cxceeding $400, by which the amount or value of the considera- tion exceeda $40.000.

(8) 30 days after execution.

(c) All parties

executing.

(s) $2 for every $100

or part thereof of the amount of value of the consideration-

(6) 30 days after cxecution.

Note: See also section 6 as to (c) All parties excess stamp duty,

(0) in bead 53---

executing":

(i) in the first column by deleting, after "inter vivos". "the duty to be calculated on the value of the property" and substituting the following-

"(including a conveyance or transfer of land operat» ing as a voluntary disposition inter vivos) the duty to be calculated on the value of the land or property":

(ii) in paragraph (a) of the second column, by insert- ing, after “value of the", the following-

**land or".

This printed impression has been carefully compared by me with the Bill which passed the Legislative Council on the 17th day of May, 1957, and is found by me to be

a true and correctly printed copy of the said Bill,

Deputy Clerk of Councils.

(Secretariat CR L/M 54/67)