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£ s. Ci. must be conveyed to buyer in " separate parcels, so that :v distinct price may be expressed on ewh conveyance, to be charged with the ad valorem iHity. Property contracted for by several persons jointly, or by oue'forhimself and others, or wholly for others at one entire price for i the whole, shall be conveyed in I parcels by separate words containing statement of the share of purchase money paid for each, ' | so as to admit of the imposition i of an ad valorem Stamp Duty. I Where separate parcels arc conveyed to tho use of different persons in one deed, such deed shall be charged in respect of the aggregate purchase money. In case of a sub-sale of property before a couveyance has been made, the conveyance shall then betothesub-pur'enaser, with the price stated in the principal deed. W,hen the sub-sale is made to various individuals for different parts of the property, ■■ separate conveyances shall be made to each with the consideration expressed on the principal deed. In cases of sub-sale, the sub-seller and purchaser deemed the seller and purchaser within the meaning of the Act. But in case of an actual convey.ance of the interest of the person immediately selling to the subpurchaser, whie-h shall be chargeable with ad valorem duty, any deed or conveyance made to subpurchaser afterwards by original seller shall be free of ad valorem duty, and liable only to ordinary stamp as a deed. Where property bought of different persons is conveyed to the buyer by a single deed, the ad ■valorem duty on the deed is calculated on the aggregate of the various purchase moneys. Land told subject to mortgage, or to any sum atterwards to be paid, duty is'payable on.tlie. value of such mortgage or subsequent payment. Exemptions from tho pieceding Duties on conveyances — Any grant from the Crown under the hand of the Governor for the time l»eiug of the Colony of New Zealand to any purchaser , of Crown Lands in Ne\v Zealand, Any certificate of title granted under the hand of the Registrar General, pursuant to ' ' The Land Registry Act, lStiQ." . Deed, or instrument of any kind whatever, not otherw ise charged in this Schedule ....0 1 0 Exemptions from the pieceding duties on deeds or instruments not otherw ise charged in this ' Schedule — Apprenticeship and Clerkship— All instruments relating to the services of apprentices, clerk's, or servants. Mortgage— All bonds and mortgages, whether affecting real or personal estate, bill of sale by way of mortgage, and all transfers, agreements, releases, re- - conveyances, and discharges thereof, AU preferable liens under " The Wool aud Oil Securities Act, WB." All Customs bonds All administration bonds AU' lxrnds on apppintment of , special bailiffs. D»aft, or order, includiu" cheques, or,orders on bankers for tjie-.pay- } nieut of any sum of money to a ' l payee named, or to a bearer, or to order, either on demand or otherwise, nototherwisecharged 0 Q 1 Leas)!, or agreement for a lease, or any written document for tho I tenancy,- or occupancy of < any ! lauds, .tenements, or hcrcdita- • | ments, without any considera- ! tiorf by way of premium, the | following duties vi respect of i the yearly rent — Where the yearly reut shall not exceed LSO/ ... 0 2 G Where, tho same shall exceed LSO, and not exceed LIOO ■ „..0 v 5 0 Above HOO. io\ every fractional ' part of LSQ . v . 0 2 G Lease, or agreement for' a lease of any lands, tenements, or hereditaments, granted in consideration of a sum of money by way of premium, without rent or with an, annual r,eut (f). Lease of avy lands, tenements, or hereditaments, granted m con-, . sideration of a sum of money by way of premium, and also of a yearly rent amounting to L2O and upwards (d). Exemptions from < the preceding duties on leases — Leases granted by the Crown of any Waste Lands under the pro* visions of any Waste Lauds Act, or Gold Fields Act Memorandum of transfer under. "The Laud Registry Act, , 1800" (oX Policy of Insurance, or other instrument whereby any insure ancc shall be made upon any ship or vessel, 91; upon any gmkls, merchandise, or, other property on board of 'any ship" or vessel, or upon the freight thereof,' covered* by "a Time ' Policy for any ( period not exceeding three months ... 0 2 ti And for aU other Marine Policies, ' " for every siim of LIOO, and for every fractional part of 'Ll oo... 0 1 0 Promissory Notes, payable to the ' bearer on demand, issued by any Bank or Banking Company; at the rate of, for every LIOO, of the average annual amount in circulation, * as 'certified under the "Banker's Returns Act,' 1858" ■ - ... 2 0 0 Reckift, or discharge given for or on payment of any sum of money of the amount of L 5 or upwards ... 0 0 1 Exemptions: fiom the preceding ' duties on receipts— '•'- * • « Receipts given lor or upon the payment of money to or for the use of, or by or on behalf of her Majesty , Receipts endorsed upon any instrument- duly stamped under this ~Act, acKuowfedging the leceipi^ of the consideration money therein "expressed. (c) The ad valorem duties payable upon a conveyance calculated on the consideration by way of premium expressed therein. (d) Both the ad valorem duties payable upon '» conveyance according r to the consideratiou therein expressed, 11 and a lease in consideration of a rent of the same amount. (c) The. same duty as for a conveyance for the sale of" lands for a like tsuni the consideration of buch transfer.

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https://paperspast.natlib.govt.nz/newspapers/GRA18670307.2.18.2

Bibliographic details

Grey River Argus, Volume III, Issue 180, 7 March 1867, Page 4

Word Count
927

Page 4 Advertisements Column 2 Grey River Argus, Volume III, Issue 180, 7 March 1867, Page 4

Page 4 Advertisements Column 2 Grey River Argus, Volume III, Issue 180, 7 March 1867, Page 4