[CAP. 117
duty on
6. (1) In addition to any stamp duty payable by reason of the last preceding section there shall be payable also by way of excess stamp duty on any new conveyance a stamp duty of $3 for every $100 or part thereof of the amount or value of the consideration for such new conveyance : Provided that such excess stamp duty shall not become payable in respect of the value of the consideration of property comprised in a conveyance which has already borne the excess stamp duty imposed by this subsection or in respect of the value of the consideration of property comprised in a conveyance which has borne the excess stamp duty made payable by the Stamp (Amendment) Ordinance, 1946.
(2) In this section-
'conveyance on sale' shall not include a conveyance on sale registered in the Japanese House Registration Office, nor an assignment or re-assignment exempt from ad valorem duty under section 43;
(22 of 1946).
Schedule.
"new conveyance" means a conveyance on sale executed after the 10th day of September, 1948;
"property" means any estate or interest in land.
(3) Where a new conveyance purports to convey for one consideration property previously comprised in a conveyance which has borne excess stamp duty and property not so comprised the collector shall apportion such consideration between such properties according to what he considers to be the true value thereof and shall assess excess stamp duty accordingly.
[5A]
sibility of instruments.
54 & 55 Vict. ss. 14, 17, 41.]
[cf. c. 39,
(1) Subject to the provisions of subsection (3) and to the provisions of section 19, no instrument unstamped chargeable with stamp duty under this Ordinance shall be received in evidence in any proceedings whatsoever, except (a) in criminal proceedings, and (b) in civil proceedings by the Collector to recover stamp duty, unless such instrument is duly stamped, whether the point of time before which or the period of time within which such an instrument should be stamped has or has not arrived or expired as the case may be.
(2) No instrument chargeable with stamp duty under this Ordinance shall be acted upon, filed or registered by any public officer or by any company unless such instrument
―
397
Page 10
Page 11
*
Stamp.
[CAP. 117
duty on
6. (1) In addition to any stamp duty payable by reason Excess stamp of the last preceding section there shall be payable also by conveyance. way of excess stamp duty on any new conveyance a stamp 46 of 1948, s.3. duty of $3 for every $100 or part thereof of the amount or value of the consideration for such new conveyance : Provided that such excess stamp duty shall not become payable in respect of the value of the consideration of pro- perty comprised in a conveyance which has already borne the excess stamp duty imposed by this subsection or in respect of the value of the consideration of property comprised in a conveyance which has borne the excess stamp duty made payable by the Stamp (Amendment) Ordinance, 1946.
(2) In this section-
‘conveyance on sale" shall not include a conveyance on sale registered in the Japanese House Registration Office, nor an assignment or re-assignment exempt from ad valorem duty under section 43;
(22 of 1946).
Schedule.
"new conveyance" means a conveyance on sale executed 9 of 1950,
after the 10th day of September, 1948;
"property" means any estate or interest in land.
(3) Where a new conveyance purports to convey for one consideration property previously comprised in a con- veyance which has borne excess stamp duty and property not so comprised the collector shall apportion such consideration between such properties according to what he considers to be the true value thereof and shall assess excess stamp duty accordingly.
[5A]
sibility of
instruments.
54 & 55 Vict. ss. 14, 17, 41.]
[cf. c. 39,
(1) Subject to the provisions of subsection (3) Non-ndmis- and to the provisions of section 19, no instrument unstamped chargeable with stamp duty under this Ordinance shall be received in evidence in any proceedings whatsoever, except (a) in criminal proceedings, and (b) in civil proceedings by the Collector to recover stamp duty, unless such instrument is duly stamped, whether the point of time before which or the period of time within which such an instrument should be stamped has or has not arrived or expired as the case may be.
(2) No instrument chargeable with stamp duty under this Ordinance shall be acted upon, filed or registered by any public officer or by any company unless such instrument
―
397
Page 10Page 11
No comments yet.
Private notes are available after approval.