Towns > Edinburgh > 1867-1870 - New Edinburgh, Leith, and county (business) directory > 1869-1870

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STAMP DUTIES, ETC.
name the same shall be called, whereby
any insurance shall be made, or agreed
to be made. lb. § 14.]
6. FoRExaN Insurances.
Foreign Policies for a person carrying on the
business of insurance within the United
Kingdom, or by which any loss or damage
or sum of money shall be payable or
recoverable in the United Kingdom upon
the happening of any contingency, are
liable to the same stamp duties as jjoli-
cies made in the United Kingdom. May
be stamped within two months after
being received in the United Kingdom,
but cannot be stamped afterwards. (28
and 29 Vict. c. P6, § 15.)
Joint Stock Companies. See above. Deed.
Leases. See Agreement.
Leases, or Tacks of Lands or Heritable Sub-
jects.
t
t
s.
d.
£ s.
d.
£ s. d.
Rent not exceeding £5

6
3

6
Ab. £5 and not ab. £10
1

6

12
... 10 ... 15
1
6
9

18
... 15 ... 20
2

12

1 4
... 20 ... 25
2
6
15
n
1 10
... 25 ... 50
5

1 10

3 0,
... 50 1 ... 75
7
6
2 5

4 10
... 75 ' ... 100
10

3

6
Where the same shall
exceed £100, then for
every £50, and for any
fractional part of £50
5

1 10

3
* Term not exceeding 35 years.
t Above 35, but not above 100 years.
J Exceeding iOO years.
As to the duties in the first column, if the
rent shall be under .£20, and if a sum of
money, by way of fine, premium, or gras-
sum, shall be paid, the same duty as on
a conveyance of sale; if the rent shall be
above £20, both the lease duty and con-
veyance on sale duty. In the case of a
lease to which the second and third
columns apply, where there is a fine,
premium, or grassum, and whatever the
amount of rent, both the ad valorem
lease duty and conveyance on sale duty.
(13 and 14 Vict. c. 97 ; and 17 and 18
Vict. c. 83.)
Lease or Tack made for any term or period
less than a year, at a rent reserved or j^ay-
able for the same, shall be chargeable with
the same ad valorem duty as a lease or
tack, at a yearly rent of the same amount
as the sum so reserved or payable. (17 and
18 Vict. c. 83, § 23.)
Lease of a furnished dwelhng-house for a
period less than a year, where the rent shall
exceed i,'25, for such period, 2s. 6d. (24
and 25 Vict. c. 21.)
N.B. — The stamp may be adhesive. See
Agreement, as to cancelling, &c.
Lease of a dwelling-house or tenemient, or
part of such, for less than a year, at a rent
payable weekly or monthly, and not ex-
ceeding the rate of 3s. 6d. per week, (28
and 29 Vict. c. 96, § 5,) Id.
Lease or Tack of any mine or minerals or
other property of a like nature, either with
or without any other lands or heritable
subjects, where any portion of the 'product
shall be reserved to be paid in money or
hind —
If it be stipulated that the value shal
amount at least to a given sum per
annum, or it be limited not to exceed a
given sum, to be specified, then the ad
valorem duty shall be charged in respect
of the highest of such sums.
And where any yearly sum is reserved in
addition to or together with such pro-
duce, relative to the yearly amount or
value of which there is no such stipula-
tion or limitation, the ad valorem duty
shall be charged in respect of such yearly
sum.
And where both a certain yearly sum and
also such produce relative to the j^early
amount or value of which there shall be
such stipulation or limitation is reserved,
the ad valorem duty shall be charged on
the aggregate of such yearly sum, and
also of the highest yearly amount or
value of such produce.
[Where a grassum or rent is in grain, it is
to be charged according to the stipulated
rate of conversion, and if none be stipu-
lated, according to the fiars on an ave-
rage of seven years. Where there are
separate grass ums or rents payable to
separate pro indiviso proprietors in the
same deed, the stamp is on the cumido
amount.]
Leases in pm-suance of Dwelling-Houses Act,
18 and 19 Vict. c. 88, and Transfers there-
of, — Stamp duty may be impressed on
papei',or denoted by special adhesive stamp.
(18 and 19 Vict. c. 88, § 21.)
Lease or Tack of any kind, not otherwise
charged, — £l, 15s.
Assignment or surrender of a lease or tack
upon any other occasion than a sale or
mortgage, including a lease or tack for a
term of years exceeding 35, (23 and 24
Vict. c. Ill,) — A duty equal to the ad
valorem duty with which a similar lease or
tack would be chargeable, but no higher
duty than £l, 15s., shall be charged.
And no Stamp duty, except the ad valorem
duty, shall be chargeable for any lease
expressed to be granted in considei'ation
of the surrender of an existing lease and
also of a sum of money.
Letter of Allotment. See Allotment.