Stamp Duty Act, 2005 - Act 689

ARRANGEMENT OF SECTIONS

Provisions applicable to instruments generally

1. Charge of duties in Schedule

2. Instruments to be separately charged with duty

3. Assessment of duty

4. Impressed and adhesive stamp

5. Instruments written on stamped material

6. Circumstances affecting duty to be set out in instruments

7. Mode of calculation of ad valorem duty in certain cases

8. Cancellation of adhesive stamps

9. Denoting stamp

10. Commissioner may be required to express opinion

11. Instruments to be stamped as assessed

Stamping of instruments after execution

12. Stamping of instruments after execution

Particulars about land

13. Particulars about land

14. Instruments and title registered in the land or title registry

Provisions applicable to particular instruments

15. Calculation of ad valorem duty in respect of stock and securities

16. Calculation of ad valorem duty on periodical payments

17. Calculation of ad valorem duty on mortgage or conveyance in respect of a debt

18. Direction as to duty in certain cases

19. Conveyance other than a sale

20. Stamp duty on gifts inter vi vas

21. Stamping of duplicates and counterparts

22. Agreement chargeable as lease

23. Certain covenants not to increase duty

24. Cancellation of stamps on memorandum of hypothecation

25. Stamping of mortgages

26. Mortgages for undefined amounts

Stamp duties management

27. Administration of Act

28. Act to apply to all stamp duties

29. Moneys received for duty

Objections and appeals

30. Objection to assessment

31. Appeal against assessment

32. Admissibility of insufficiently stamped or un stamped instrument

Proceedings

33. Compounding offences

34. Venue for trial

35. Amounts payable

36. Waiver or variation of duty

37. Deferment of duty due

38. Refund of excess duty

39. Remission of penalty

Offences

40. Failure to cancel adhesive stamps

41. Failure to disclose full facts about an instrument

42. Registering instruments not stamped

43. Impeding administration of Act

44. General penalty

Miscellaneous provisions

45. Recovery of penalties

46. Registers, books to be open to inspection

47. Duty as a debt due to the State

48. Electronic service of documents and assessments

49. Regulations

50. Interpretation

51. Repeals

52. Commencement

PURPOSE

AN ACT to revise the Stamp Act 1965 (Act 311); to incorporate amendments relating to stamp duties and to provide for related matters.

DATE OF ASSENT

17th May, 2005.