1950_STAMP_ORDINANCE — Page 29

HK Historical Laws 香港歷史法例 All AI Reviewed

CAP. 117]

Ad valorem duty where the consideration consists of shares or securities.

54 & 55 Vict. c. 39, s. 55.

Ad valorem duty where the conveyance is in consideration of debt, etc. to be charged.

Stamp.

35. (1) Where the consideration or any part of the consideration for a conveyance on sale consists of shares or any or marketable securities, the conveyance is to be charged with ad valorem duty in respect of the value of the shares or securities on the day of the date of such conveyance.

(2) Where the consideration or any part of the consideration for a conveyance on sale consists of any security not being a marketable security, the conveyance is to be charged with ad valorem duty in respect of the amount due on the day of the date thereof for principal and interest upon the security.

[29]

36. Where any property is conveyed to any person in consideration, wholly or in part, of any debt due to him, or subject either certainly or contingently to the payment or transfer of any money or shares, whether being or constituting a charge or incumbrance upon the property or not, the debt, money or shares are to be deemed the whole or part, as the case may be, of the consideration in respect whereof the conveyance is chargeable with ad valorem duty.

54 & 55 Vict. c. 39, s. 57.

Conveyance duty in certain cases. 54 & 55 Vict. c. 39, s. 58:

[30]

37. (1) Where property contracted to be sold for one consideration for the whole is conveyed to the purchaser in separate parts or parcels by different instruments, the consideration is to be apportioned in such manner as the parties think fit, so that a distinct consideration for each separate part or parcel is set forth in the conveyance relating thereto, and such conveyance is to be charged with ad valorem duty in respect of such distinct consideration.

(2) Where property contracted to be purchased for one consideration for the whole by two or more persons jointly, or by any person for himself and others or wholly for others, is conveyed in parts or parcels by separate instruments to the persons by or for whom the same was purchased for distinct parts of the consideration, the conveyance of each separate part or parcel is to be charged with ad valorem duty in respect of the distinct part of the consideration therein specified.

(3) Where there are several instruments of conveyance for completing the purchaser's title to property sold, the principal instrument of conveyance only is to be charged with ad valorem duty and the other instruments are to be charged...

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CAP. 117] Ad valorem duty where the consideration consists of shares or securities. 54 & 55 Vict. c. 39, s. 55. Ad valorem duty where the conveyance is in consideration of debt, etc. to be charged. Stamp. 35. (1) Where the consideration or any part of the consideration for a conveyance on sale consists of shares or any or marketable securities, the conveyance is to be charged with ad valorem duty in respect of the value of the shares or securities on the day of the date of such conveyance. (2) Where the consideration or any part of the consideration for a conveyance on sale consists of any security not being a marketable security, the conveyance is to be charged with ad valorem duty in respect of the amount due on the day of the date thereof for principal and interest upon the security. [29] 36. Where any property is conveyed to any person in consideration, wholly or in part, of any debt due to him, or subject either certainly or contingently to the payment or transfer of any money or shares, whether being or constituting a charge or incumbrance upon the property or not, the debt, money or shares are to be deemed the whole or part, as the case may be, of the consideration in respect whereof the conveyance is chargeable with ad valorem duty. 54 & 55 Vict. c. 39, s. 57. Conveyance duty in certain cases. 54 & 55 Vict. c. 39, s. 58: [30] 37. (1) Where property contracted to be sold for one consideration for the whole is conveyed to the purchaser in separate parts or parcels by different instruments, the consideration is to be apportioned in such manner as the parties think fit, so that a distinct consideration for each separate part or parcel is set forth in the conveyance relating thereto, and such conveyance is to be charged with ad valorem duty in respect of such distinct consideration. (2) Where property contracted to be purchased for one consideration for the whole by two or more persons jointly, or by any person for himself and others or wholly for others, is conveyed in parts or parcels by separate instruments to the persons by or for whom the same was purchased for distinct parts of the consideration, the conveyance of each separate part or parcel is to be charged with ad valorem duty in respect of the distinct part of the consideration therein specified. (3) Where there are several instruments of conveyance for completing the purchaser's title to property sold, the principal instrument of conveyance only is to be charged with ad valorem duty and the other instruments are to be charged... -416-

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САР. 117] Ad valorem duty where the consideration consists of shares or securities. 54 & 55 Vict. c. 39, s. 55. Ad where the conveyance is in con- sideration of debt, etc. to be charged. Stamp. 35. (1) Where the consideration or any part of the consideration for a conveyance on sale consists of shares any or marketable securities, the conveyance is to be charged with ad valorem duty in respect of the value of the shares or securities on the day of the date of such conveyance. (2) Where the consideration or any part of the con- sideration for a conveyance on sale consists of any security not being a marketable security, the conveyance is to be charged with ad valorem duty in respect of the amount due on the day of the date thereof for principal and interest upon the security. [29] 36. Where any property is conveyed to any person in valorem duty consideration, wholly or in part, of any debt due to him, or subject either certainly or contingently to the payment or transfer of any money or shares, whether being or constitu- ting a charge or incumbrance upon the property or not, the debt, money or shares are to be deemed the whole or part, as the case may be, of the consideration in respect whereof the conveyance is chargeable with ad valorem duty. 54 & 55 Vict. c. 39, s. 57. Conveyance duty in certain cases. 54 & 55 Vict. c. 39, s. 58: [30] 37. (1) Where property contracted to be sold for one consideration for the whole is conveyed to the purchaser in separate parts or parcels by different instruments, the con- sideration is to be apportioned in such manner as the parties think fit, so that a distinct consideration for each separate part or parcel is set forth in the conveyance relating thereto, and such conveyance is to be charged with ad valorem duty in respect of such distinct consideration. (2) Where property contracted to be purchased for one consideration for the whole by two or more persons jointly, or by any person for himself and others or wholly for others, is conveyed in parts or parcels by separate instruments to the persons by or for whom the same was purchased for distinct parts of the consideration, the conveyance of each separate part or parcel is to be charged with ad valorem duty in respect of the distinct part of the consideration therein specified. (3) Where there are several instruments of conveyance for completing the purchaser's title to property sold, the principal instrument of conveyance only is to be charged with ad valorem duty and the other instruments are to be - 416 - -

2026-05-04 00:41:22 · Baseline

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САР. 117]

valorem duty where the consideration

consists of

shares or securities.

54 & 55 Vict. c. 39, s. 55.

where the

conveyance

is in con-

sideration

of debt, etc. to be charged.

Stamp.

35. (1) Where the consideration or any part of the consideration for a conveyance on sale consists of shares

any or marketable securities, the conveyance is to be charged with ad valorem duty in respect of the value of the shares or securities on the day of the date of such conveyance.

(2) Where the consideration or any part of the con- sideration for a conveyance on sale consists of any security not being a marketable security, the conveyance is to be charged with ad valorem duty in respect of the amount due on the day of the date thereof for principal and interest upon the security.

[29]

36. Where any property is conveyed to any person in valorem duty consideration, wholly or in part, of any debt due to him, or subject either certainly or contingently to the payment or transfer of any money or shares, whether being or constitu- ting a charge or incumbrance upon the property or not, the debt, money or shares are to be deemed the whole or part, as the case may be, of the consideration in respect whereof the conveyance is chargeable with ad valorem duty.

54 & 55 Vict. c. 39, s. 57.

Conveyance duty in certain cases. 54 & 55 Vict. c. 39, s. 58:

[30]

37. (1) Where property contracted to be sold for one consideration for the whole is conveyed to the purchaser in separate parts or parcels by different instruments, the con- sideration is to be apportioned in such manner as the parties think fit, so that a distinct consideration for each separate part or parcel is set forth in the conveyance relating thereto, and such conveyance is to be charged with ad valorem duty in respect of such distinct consideration.

1950_STAMP_ORDINANCE — Page 29

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