Finance Act 1920

37 Stamp duty on transfer of certain colonial and foreign stocks

(1) The stamp duty chargeable by way of composition for stamp duty under section one hundred and fourteen of the ' principal Act, as extended by section thirty-nine of the [57 & 58 Vict. c. 30.] Finance Act, 1894, and section five of the [61 & 62 Vict. c. 10.] Finance Act, 1898, shall be double the amount charged by the said section one hundred and fourteen.

(2) The stamp duty chargeable under section one hundred and fifteen of the principal Act by way of composition for stamp duty shall, in the case of accounts required to be delivered on or within seven days before the first day of August nineteen hundred and twenty, be eleven pence, and in the case of all accounts delivered subsequently be one shilling, for every hundred pounds and any fraction of one hundred pounds over any multiple of one hundred pounds.

(3) Any agreement entered into before the passing of this Act between the Commissioners of Inland Revenue and any persons under any Act, other than the principal Act, for the payment to the Commissioners of any sums by way of composition for any stamp duty of a class in respect of which a composition may be made under section one hundred and fifteen of the principal Act shall cease to have effect as from the first day of September nineteen hundred and twenty, without prejudice to the power of the Commissioners and those persons to make any fresh agreement.