STAMP DUTIES.

Lyttelton Times, Volume XXVIII, Issue 2136, 25 October 1867, Page 3

STAMP DUTIES.

There are four schedules to the Act. The Brif contains the duties on deeds and other instruments relating to transactions between living per™ tier ofV•■ ,tle ' ° Q P robllle3 of wills and the third, the duties on legacies and successions to personal estate under any testamentary disposition or upon intestacy; estate. succ ~« to real and per. Schedule I. nw ,./ ree T Ut ' °, r m , inute or mem ovandum of an as cement under hand only whero tlie matter thereof shall bo of the value of £2O or upwards- . Bills of exchange drawn out of the colony, but indorsed or negotiated within the colony the same tenor" 3 m bi " ° f tho Same atnount and Foreign bills, if drawn singly or otherwise than inlMd bill. TOormore ' ame duty as oa aa If drawn in sets of two, Od, or if in sets of three 4d, for every £oo or iractional part of £SO. iromissory notes (other than payable on demand) not exceeding £2s—Gd; exceeding £25 and not exceeding £so—ls; an d so on, Is for every £oOand fractional part of £SO. Promissory notes, payable on demand, issued by any bank inli ew Zealand, are exempt from these duties, banks being otherwise chargeable. .Bills ot lading or receipt in lieu thereof from the master, mate or agent of any vessel for goods carried beyond the colony—ls. Conveyances of any kind, except transfer expressly provided for by the Act, for every £SO or factional part of £SO of the purchase money— 03 Crown grants and certificates of title panted under the hand of the Registrar-General pursuant Deeds or instruments of any kind whatever not otherwise charged m this schedule—los. _ Exemptions from the preceding duties.—All instruments relating to the services of apprentices, clerks, or servants; all bonds or mortgages whether affecting real or personal estate, bills of sale by way of mortgage, and all transfers, agreements, releases, ''rc-eonvevances and discharges thereof; all preferable liens under the Wool and Oil Securities Act, 1858; all customs bonds; all administration bonds; all bonds on appointment of special bailiffs. Drafts or cheques, payable on demand, or otherwise—ld. lesso or agreement for a lease, for every £SO 01' fractional part of £SO of the yearly rent<s3 Od. Leases of waste lands under the provisions of any U uste lands Act or Goldilelds Act are exempt from these duties. Policy of insurance of ships or cargo for any period, not exceeding three months—2s 6d • all other marine policies, for every £IOO or fractional part of £loo—ls. Promissory notes payable to the bearer on defflaild, issued by any bank or banking company, at the rate cf £2 for every £IOO of the average annual amount in circulation, as certified under the Hankers Returns Act, 1858. Receipts for any sum of £5 or upwards—ld. Exemptions—Receipts for monev paid to or tor her Majesty; receipts endorsed'on anv dulv stamped instrument acknowledging the receipt of the consideration money therein expressedacknowledgment given for any monev deposited in any bank; receipts for money paid' into land, building, and provident societies. Transfers except by way of mortgage of uuy run or station held under lease from the Crown, or of any 1 i/l t 'i ore ) l1 ' '' or e,er J or fractional part of £IOO of value assessed as provided in the Actlransfer of shares or stock of any corporation company, or society in New Zealand, where the purchase money shall not exceed £2o—ls; exceedmg £2O and not exceeding £SO-2s Od ;' and so ou 2s (id for every £SO or fractional part ot ±oo. r Schedule 11. Probate of a will and letters of administration with'a will annexed where the effects as sworn to by the executor or administrator are : Under the value of £IOO-£l. Above tho valuo of £IOO and under £2oo—£2, Above the value of £2OO and under £3oo—£3. Above the value of £3OO awl under £IOO-£4. Above the value of£loo and under £soo—£s, And above £soo—l per cent, letters of administration without "a will an. nexed where tho effects are sworn to by the administrator:— Under the value of £loo—£l 10s. Above tho value of £IOO and uuder £2oo—£3. Above the value of £2OO and under £3OO-£4 10s. Above the value of £3OO and under £IOO-£6. Above tho valuo of £IOO and under £soo—£7 10s. And above £soo—li per cent. Schkddi,]; 111. For every legacy or residue or share of residue, i t lie amount or value of £2O or upwards : It to a child or any descendant of a child of the deceased, or to the father or mother or any lineal ancestor—£l per cent. To a brother or sister or any descendant of a mother or sister—£3 per cent. To an uncle or aunt or their descendants—£s per cent. To a grand-uncle or grand-aunt or their descendants—£o per cent. To a person in any olhcr degree of collatcra sanguiuity—£7 per cent. To 11 stranger in blood—Clo per cent. All legacies, residues, or shares ot residues given to the husband or wile ot the deceased are exempt: from duty. r Schedule IV. The duties charged on successions are the same is those in the previous schedule on legacies.