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In lieu of the stamp duty chargeable thereon by virtue of the [33 & 34 Vict. c. 97.] Stamp Act, 1870, there shall be charged on any grant or contract for payment of a superannuation annuity as herein-after defined the duty following; (that is to say) :—
£ | s. | d. | |
---|---|---|---|
For every full sum of 5l. and also for any fraction less than 5l. or over and above 5l. or a multiple of 5l. of the annuity | 0 | 0 | 6 |
" Superannuation annuity " means a deferred life annuity granted or secured by contract to any person in consideration of annual premiums payable until he should attain any specified age, and so as to commence on his attaining that age.
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