Related Commentary  Related HMRC Manuals

112(1)  The amount of any stamp duty chargeable ad valorem–

(a)shall be a percentage of the amount specified in the relevant charging provision, and

(b)shall be rounded up (if necessary) to the nearest multiple of £5.

112(2)  The amount of every fixed stamp duty shall be £5.

112(3)  The provisions of Schedule 13 to this Act have effect in place of Schedule 1 to the Stamp Act 1891, and certain related enactments, so far as they relate to the instruments (other than bearer instruments) chargeable to duty and the method of calculation and rates of duty.

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