Stamp Act 1891

SCHEDULES

X1 FIRST SCHEDULE U.K. Stamp Duties on Instruments

Editorial Information

X1 Sch. 1 is printed with the omission of the headings repealed by enactments listed in the Chronological Table of the Statutes except for Sch. 1 amended by Finance Act 1949 (c. 47), s. 35, Sch. 8 Pt. I

Modifications etc. (not altering text)

C1 Sch. 1 modified (27.7.1993) by 1993 c. 34, ss. 202(2)(5), 203(2)(3)

	Duty
	£ p
AGREEMENT for a lease or tack, or for any letting.
See Leaseor Tack, and section 75.
AGREEMENT for sale of property.
See Conveyance on Sale, and section 59.
. . . F1
ANNUITY, conveyance in consideration of:
See Conveyance on Sale, and section 56.
purchase of:
See Conveyance on Sale, and section 60.
. . . F2
instruments relating to, upon any other occasion:
see Bond, Covenant, &c.
. . . F1
AndSeesection 62.
ASSIGNMENT or ASSIGNATION.
. . . F2
Upon a sale, or otherwise.See Conveyance.
ASSURANCE.See Policy.
. . . F3
. . . F4

Textual Amendments

F1 Heading repealed by Finance Act 1985 (c. 54, SIF 114), ss. 85, 98(6), Schs. 24, 27 Pt. IX(2)

F2 Words repealed by Finance Act 1971 (c. 68), Sch. 14 Pt. VI

F3 Heading repealed by Finance Act 1985 (c. 54, SIF 114), s. 98 (6), Sch. 27 Pt. IX(2)

F4 Heading repealed by Finance Act 1990 (c. 29, SIF 114), s. 132, Sch. 19 Pt. VI, note 1

BILL OF SALE—
Absolute.See Conveyance on Sale.
. . . F2
Andseesection 41.
BOND in relation to any annuity upon the original creation and sale thereof.
See Conveyance on Sale, and section 60.
BOND, COVENANT, or INSTRUMENT of any kind whatsoever:
(1) Being the only or principal or primary security for any annuity(except upon the original creation thereof by way of sale or security, and except a superannuation annuity), or for any sum or sums of money at stated periods, not being interest for any principal sum secured by a duly stamped instrument, nor rent reserved by a lease or tack:
For a definite and certain period, so that the total amount to be ultimately payable can be ascertained.	The same ad valorem duty as a bond or covenant for such total amount.
For the term of life or any other indefinite period: For every 5l.,and also for any fractional part of 5l., of the annuity or sum periodically payable	[F5 10p]
(2) Being a collateral or auxiliary or additional or substituted security for any of the above-mentioned purposes where the principal or primary instrument is duly stamped:
Where the total amount to be ultimately payable can be ascertained.	The same ad valorem duty as a bond or covenant of the same kind for such total amount.
In any other case:
For every [F6 £10] and also for any fractional part of [F6 £10] of the annuity or sum periodically payable	[F7 5p]
(3) . . . F8
BOND given pursuant to the directions of any Act, or of the Commissioners or the Commissioners of Customs, or any of their officers, for or in respect of any of the duties of excise or customs, or for preventing frauds or evasions thereof, or for any other matter or thing relating thereto:
. . . F9
BOND on obtaining letters of administration in . . . F10 Ireland, or a confirmation of testament in Scotland . . . F11
. . . F11
. . . F12
. . . F13
. . . F13
CONVEYANCE or TRANSFER on sale—
Of any property . . . F14
andseesections 54, 55, 56, 57, 58, 59, 60 and 61.
CONVEYANCE or TRANSFER of any kind not hereinbefore described	[F15 50p]
Andseesection 62.
COUNTERPART.See Duplicate.
COVENANT in relation to any annuity upon the original creation and sale thereof.
See Conveyance on Sale, and section 60.
COVENANT in relation to any annuity (except upon the original creation and sale thereof) or to other periodical payments.
See Bond, Covenant, &c.
. . . F16
DECLARATION of any use or trust of or concerning any property by any writing, not being a will, or an instrument chargeable with ad valorem duty as a [F17 unit trust instrument]	[F15 50p]
. . . F16
DISPOSITION of heritable property in Scotland to singular successors or purchasers.	See Conveyance on Sale.
DISPOSITION of heritable property in Scotland to a purchaser, containing a clause declaring all or any part of the purchase money a real burden upon, or affecting, the heritable property thereby disponed, or any part thereof.	See Conveyance on Sale, . . . F18
DISPOSITION in Scotland, containing constitution of feu or ground annual right.See Conveyance on Sale, and section 56.
DISPOSITION in Scotland of any property or of any right or interest therein not described in this schedule	[F15 50p]
DUPLICATE or COUNTERPART of any instrument chargeable with any duty:
Where such duty does not amount to	The same duty as the original instrument.
In any other case	[F19 50p]
Andseesection 72.
EXCHANGE or EXCAMBION—Instruments effecting:
In the case specified in section 73,seethat section.
In any other case	[F15 50p]
. . . F20
FEU CONTRACT in Scotland.See Conveyance on Sale, and section 56.
. . . F21
LEASE or TACK—
(1) . . . F22
(2) For any definite term less than a year:
(a) Of any furnished dwelling-house or apartments where the rent for such term exceeds [F23 £500]	[F24 £1]
(b) Of any lands, tenements, or heritable subjects except or otherwise than as aforesaid	The same duty as a lease for a year at the rent reserved for the definite term.
(3) For any other definite term or for any indefinite term:
Of any lands, tenements, or heritable subjects—
Where the consideration, or any part of the consideration, moving either to the lessor or to any other person, consists of any money, stock, or security:
In respect of such consideration	The same duty as a conveyance on a sale for the same consideration.
Where the consideration or any part of the consideration is any rent:
In respect of such consideration:
If the rent, whether reserved as a yearly rent or otherwise, is at a rate or average rate:

Textual Amendments

F5 Words substituted by virtue of Finance Act 1970 (c. 24), Sch. 7 para. 7(2) and Decimal Currency Act 1969 (c. 19), s. 10(1)

F6 Words substituted by Finance Act 1970 (c. 24), Sch. 7 para. 7(3)

F7 Words substituted by virtue of Finance Act 1970 (c. 24), Sch. 7 para. 7(3) and Decimal Currency Act 1969 (c. 19), s. 10(1)

F8 Paragraph repealed by Finance Act 1989 (c. 26, SIF 114), ss. 173(1)(2)(6), 187(1), Sch. 17 Pt. IX

F9 Words repealed by Finance Act 1949 (c. 47), Sch. 11 Pt. V

F10 Words repealed by Administration of Estates Act 1971 (c. 25), Sch. 2 Pt. II

F11 Words omitted by virtue of Finance Act 1949 (c. 47), s. 35, Sch. 8 Pt. I

F12 Heading repealed by Finance Act 1985 (c. 54, SIF 114), ss. 85, 98(6), Schs. 24, 27 Pt. IX(2)

F13 Heading repealed by Finance Act 1985 (c. 54, SIF 114), s. 98(6), Sch. 27 Pt. IX(2)

F14 Words repealed by Finance Act 1958 (c. 56), Sch. 9 Pt. III and Finance Act 1963 (c. 25), Sch. 14 Pt. IV

F15 Words substituted by virtue of Decimal Currency Act 1969 (c. 19), s. 10(1)

F16 Headings repealed by Finance Act 1985 (c. 54, SIF 114), ss. 85, 98(6), Schs. 24, 27 Pt. IX(2)

F17 Words substituted by Finance Act 1962 (c. 44), s. 30(1)

F18 Words repealed by Finance Act 1971 (c. 68), Sch. 14 Pt. VI

F19 Words substituted by Finance Act 1974 (c. 30), Sch. 11 para. 9

F20 Heading repealed by Finance Act 1985 (c. 54, SIF 114), s. 98(6), Sch. 27 Pt. IX(2)

F21 Heading repealed by Finance Act 1989 (c. 26, SIF 114), s. 187(1), Sch. 17 Pt. IX

F22 Para. (1) repealed by Finance Act 1963 (c. 25), Sch. 14 Pt. IV

F23 Amount substituted by virtue of the Finance Act 1982 (c. 39, SIF 114), s. 128(3) (a)

F24 Words substituted by Finance Act 1974 (c. 30), Sch. 11 para. 10(2)

Modifications etc. (not altering text)

C2 Rates of duty under this heading specified by Finance Act 1963 (c. 25), ss. 55, 62(2), Sch. 11

Heading extended by Finance Act 1980 (c. 48, SIF 114), s. 97

Heading excluded by Finance Act 1980 (c. 48, SIF 63:1), s. 117, Sch. 18 para. 12(1); by Finance Act 1982 (c. 39, SIF 114), s. 129(1)(a); by (retrospectively) (26.3.1985) by Finance Act 1985 (c. 54, SIF 114), ss. 78(2), 79(1)(2)(3)(13), 80, 83(1), 84; by (retrospectively) (25.3.1986) by Finance Act 1986 (c. 41, SIF 114), s. 75(2)(3)(6)(7); by Finance Act 1987 (c. 16, SIF 114), s. 55(1)

Heading restricted by Finance Act 1986 (c. 41, SIF 114), s. 76(2)

Heading modified by Finance Act 1986 (c. 41, SIF 114), ss. 78, 79(9)-(11)

C3 Heading excluded by National Health Service and Community Care Act 1990 (c. 19, SIF 113:2), s. 61(3)

C4 Headings in Sch. 1 excluded by Finance Act 1991 (c. 31, SIF 114), s.110

C5 Heading in Sch. 1 excluded by Finance Act 1991 (c. 31, SIF 114), s. 111

Heading extended (27.7.1993) by 1993 c. 34, s. 202(4)(b)(5)

C6 Heading excluded by Finance Act 1982 (c. 39, SIF 114), s. 129(1)(a); by Finance Act 1987 (c. 16, SIF 114), ss. 50(1)(4), 55(1) and by S.I. 1987/516, reg. 2(1)(2)(a); by National Health Service and Community Care Act 1990 (c. 19, SIF 113:2), s. 61(3)

C7 Heading excluded by S.I. 1987/516, reg. 2(1)(2)(a)

C8 Heading excluded by Finance Act 1980 (c. 48, SIF 114), s. 97, and by Finance Act 1982 (c. 39, SIF 114), s. 129(1), and by Finance Act 1987 (c. 16, SIF 114), s. 55(1), and by National Health Service and Community Care Act 1990 (c. 19, SIF 113:2), s. 61(3)

C9 Heading amended by Finance Act 1963 (c. 25), s. 56(3)

Heading excluded (27.7.1993) by 1993 c. 34, s. 202(4)(a)(5)

	[F25 If the term does not exceed 7 years or is indefinite	If the term exceeds 7 years but does not exceed 35 years	If the term exceeds 35 years but does not exceed 100 years	If the term exceeds 100 years
	£p	£p	£p	£p
Not exceeding £5 per annum	Nil	0.10	0.60	1.20
Exceeding £5 and not exceeding £10	Nil	0.20	1.20	2.40
Exceeding £10 and not exceeding £15	Nil	0.30	1.80	3.60
Exceeding £15 and not exceeding £20	Nil	0.40	2.40	4.80
Exceeding £20 and not exceeding £25	Nil	0.50	3.00	6.00
Exceeding £25 and not exceeding £50	Nil	1.00	6.00	12.00
Exceeding £50 and not exceeding £75	Nil	1.50	9.00	18.00
Exceeding £75 and not exceeding £100	Nil	2.00	12.00	24.00
Exceeding £100 and not exceeding £150	Nil	3.00	18.00	36.00
Exceeding £150 and not exceeding £200	Nil	4.00	24.00	48.00
Exceeding £200 and not exceeding £250	Nil	5.00	30.00	60.00
[F26 Exceeding £250 and not exceeding £300]	[F26 Nil]	[F26 6.00]	[F26 36.00]	[F26 72.00]
[F26 Exceeding £300 and not exceeding £350]	[F26 Nil]	[F26 7.00]	[F26 42.00]	[F26 84.00]
[F26 Exceeding £350 and not exceeding £400]	[F26 Nil]	[F26 8.00]	[F26 48.00]	[F26 96.00]
[F27 Exceeding £400 and not exceeding £450]	[F27 Nil]	[F27 9.00]	[F27 54.00]	[F27 108.00]
[F27 Exceeding £450 and not exceeding £500]		[F27 10.00]	[F27 60.00]	[F27 120.00]
[F27 Exceeding £500: for any full sum of £50 and also for any fractional part thereof]	[F27 Nil]	[F27 1.00]	[F27 6.00]	[F27 12.00]]

Textual Amendments

F25 Table in para. (3) substituted by Finance Act 1974 (c. 30, SIF 114), Sch. 11 para. 10(1)(3) and, amended as indicated

F26 Entries substituted by virtue of Finance Act 1980 (c. 48, SIF 114), s. 95(3)(b)(4)

F27 Entries substituted by virtue of Finance Act 1982 (c. 39, SIF 114), s. 128(3)(b)

(4) Of any other kind whatsoever not herein-before described	[F24 £2]
Andseesections 75, 76, 77 and 78.
. . . F28
MORTGAGE, BOND, DEBENTURE, COVENANT (except a marketable security otherwise specially charged with duty), and WARRANT OF ATTORNEY to confess and enter up judgment:
(1) Being the only or principal or primary security (other than an equitable mortgage) for the payment or repayment of money—
[F29 Not exceeding £300	[F15 5p] for every £50 or part of £50 of the amount secured.
Exceeding £300
[F15 10p] for every £100 or part of £100 of the amount secured]
(2) Being a collateral, or auxiliary, or additional, or substituted security (other than an equitable mortgage), or by way of further assurance for the above-mentioned purpose where the principal or primary security is duly stamped:
For every [F30 £200], and also for any fractional part of [F30 £200], of the amount secured	[F31 5p]
(3) Being an equitable mortgage:
For every 100l.,and any fractional part of 100l.,of the amount secured	[F15 5p]
(4) Transfer, Assignment, Disposition, or Assignation of any mortgage, bond, debenture, or covenant (except a marketable security), or of any money or stock secured by any such instrument, or by any warrant of attorney to enter up judgment, or by any judgment:
For every [F30 £200], and also for any fractional part of [F30 £200], of the amount transferrred, assigned, or disponed, exclusive of interest which is not in arrear	[F31 5p]
And also where any further money is added to the money already secured	The same duty as a principal security for such further money.
(5) Reconveyance, Release, Discharge, Surrender, Resurrender, Warrant to Vacate, or Renunciation [F32 in whole or in part] of any such security as aforesaid, or of the benefit thereof, or of the money thereby secured:
For every [F30 £200], and also for any fractional part of [F30 £200], of the total amount or value of the money at any time secured	[F31 5p]
Andseesections 86, 87, 88 and 89.
MUTUAL DISPOSITION or Conveyance in Scotland.See Exchangeor Excambion.
PARTITION or DIVISION—Instruments effecting:
In the case specified in section 73,seethat section.
In any other case	[F15 50p]
. . . F33
. . . F34
. . . F35
. . . F36
RELEASE or RENUNCIATION of any property, or of any right or interest in any property—
Upon a sale.See Conveyance on Sale.
. . . F18
In any other case	[F15 50p]
RENUNCIATION.See . . . F18 Release.
. . . F37
SHARE, CERTIFICATE, FOREIGN AND COLONIAL.
See Marketable Security.
SUPERANNUATION ANNUITY.See Bond, Covenant, &c.
SURRENDER—
. . . F11
Of any . . . F11 kind whatsoever not chargeable with duty as a conveyance on sale . . . F18	[F15 50p]
TACK of lands, &c. in Scotland.See Leaseor Tack.
TRANSFER.See Conveyanceor Transfer.
. . . F38
. . . F39
GENERAL EXEMPTIONS FROM ALL STAMP DUTIES
(1) . . . F40
(2) Instruments for the sale, transfer, or other disposition either absolutely . . . F18 , or otherwise of any ship or vessel, or any part, interest, share, or property of or in any ship or vessel.
(3) . . . F41
(4) Testaments, testamentary instruments, and dispositions mortis causâ in Scotland.
(5) . . . F42
(6) Instruments made by, to, or with the Commissioners of Works for any of the purposes of the Act 15 & 16 Vict. c. 28.

Textual Amendments

F28 Headings repealed by Finance Act 1985 (c. 54, SIF 114), ss. 85, 98(6), Schs. 24, 27 Pt. IX(2)

F29 Words substituted by Finance Act 1970 (c. 24), Sch. 7 para. 16(1)(2)

F30 Words substituted by Finance Act 1970 (c. 24), Sch. 7 para. 16(1)(3)

F31 Words substituted by virtue of Finance Act 1970 (c. 24), Sch. 7 para. 16(1)(3) and Decimal Currency Act 1969 (c. 19), s. 10(1)

F32 Words inserted by Finance Act 1970 (c. 24), Sch. 7 para. 16(1)(5)

F33 Headings repealed by Finance Act 1989 (c. 26, SIF 114), ss. 173(1)(2)(6), 187(1), Sch. 17 Pt. IX

F34 Heading repealed by Finance Act 1985 (c. 54, SIF 114), s. 98(6), Sch. 27 Pt. IX(2)

F35 Heading repealed by Finance Act 1985 (c. 54, SIF 114), s. 98(6), Sch. 27 Pt. IX(2)

F36 Heading repealed by Finance Act 1985 (c. 54, SIF 114), s. 98(6), Sch. 27 Pt. IX(2)

F37 Heading repealed by Finance Act 1985 (c. 54, SIF 114), ss. 85, 98(6), Schs. 24, 27 Pt. IX(2)

F38 Heading repealed by Finance Act 1988 (c. 39, SIF 114), ss. 140(1)(2)(6), 148, Sch. 14 Pt. XI

F39 Heading repealed by Finance Act 1985 (c. 54, SIF 114), ss. 85, 98(6), Schs. 24, 27 Pt. IX(2)

F40 Schedule 1, para. (1) repealed by Finance Act 1990 (c. 29, SIF 114), s. 132, Sch. 19 Pt. VI, note 1

F41 Para. (3) repealed by Finance Act 1971 (c. 68), Sch. 14 Pt. VI

F42 Para. (5) repealed by Finance Act 1971 (c. 68), Sch. 14 Pt. VI

Modifications etc. (not altering text)

C10 Para. (4) amended by Finance Act 1963 (c. 24),Sch. 16 (1)(4)

F43 F43 SECOND SCHEDULE U.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F43 Sch. 2 repealed by Finance Act 1976 (c. 40), Sch. 15 Pt. VI

F44 F44 THIRD SCHEDULE U.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F44 Sch. 3 repealed by Statute Law Revision Act 1908 (c. 49)