Secretarial practice

Bibliographic data

Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

390 TRANSFER on sale or operating as a Voluntary Disposi- tion inter vivos of Stock, Shares or Marketable Securities where the amount or value of the con- sideration for the sale (or, in the case of Voluntary Disposition inter vivos, the value of the property) Ls. d. does not exceed £5 .. a. . .s .. OO I oO Exceeds £5 and does not exceed fI10 .. .. ©0 2 oO “10 £15 .. .. ©0 3 oO 3 ‘20 .. 0 4 O 0 25 oO 5 O 5 £50 .. o 10 © £50 £75 -- 015 0 £75 £100 .. I 0 © £100 £125 .. I 5 O £125 f150 .. I I0 O £150 175 .. I 15 O £175" £200 .. . 2 0 Oo £200 {225 .. .. 2 5 oO £225 [250 .. .. 210 O £250 .. £275 .. eo 2 3 o £275 Wy )s £300 .. .. 3 0 £300, for every £50, and also for any frac- tional part of £50 of such amount of value o 10 © ‘Marketable Security’ includes the registered Bonds and Debentures, generally, of Companies, Corporations and Public Bodies. SECRETARIAL PRACTICE A transfer of any Stock, Shares or Marketable Security operating as a Voluntary Disposition inter vivos, is charge- able with ad valorem stamp duty at the above rates on the value of the property transferred. No such transfer is duly stamped unless it bears the Adjudication Stamp of the Commissioners of Inland Revenue. Registering Officers should therefore decline to register any transfers inter vivos by way of gift, unless they bear the Adjudication Stamp. An exception may, however, be made where the transfers are stamped with ad valorem duty upon the market value of the Stock or Securities at the date of the instrument, it being open to the Registering Officer to obtain the Adjudi- cation Stamp at any time subsequently, should necessity arise. By s. 42 of the Finance Act, 1920, special provision is made for the case of transfers to a dealer on a Stock Ex- change, as therein defined, or his nominee, when the transaction to which the transfer relates has been carried out by the dealer in the ordinary course of his business. Such transfers are sufficiently stamped with Ios. if, in addition to that duty, they bear the special supplementary stamp under the terms of the Section, and should in no sircumstances be registered unless they bear this stamp.

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