195
Objects and Reasons.
The object of this Bill is to prevent the evasion of Estate and Stamp Duties by providing that transfers of shares shall contain the true date of execution by the transferor, and that registration of transfers shall be effected promptly.
Provision is made for the payment of late registration duty.
Provision is also made for the payment of a nominal duty of two dollars only in the case of transfers to or by authorised bankers, where the transfer is executed by way of security for a loan, and in the case of transfers to authorised dealers.
October, 1928
C. G. ALABASTER,
Attorney General,
Annexe F.
Proposed revision of Stamp Duty on
Contracts.
Up to $ 1,000
$ 1 Stamp.
2,500
3
5,000
4
7,500
10,000
எஎ
5
6
31
12,500
7
??
15,000
"1
17,500
9
20,000
10
19
For every additional $5,000 or part thereof, $2.
Present Stamp Duty on Contracts.
Up to $1,000......................
10,000
20,000
50,000
above 50,000
$1 Stamp.
*7
5
"
7.50
"
10
11
Share dealings through brokers or direct between clients must be subject to these duties.
Provide penalties for evasion, particularly in transactions direct between principals.
No stamps on transfer deeds, and legislate for non-paying of dividends as already proposed.
No comments yet.
Private notes are available after approval.