# Finance Act 1974, Paragraph 10

Extent: E+W+S

(1) The heading “Lease or Tack” in Schedule 1 to the Stamp Act 1891 shall be amended as follows.
(2) The duty chargeable under paragraph (2)(a) and paragraph (4) shall be £1 and £2 respectively (instead of 50p and £1 as provided by section 56(2) of the Finance Act 1963), and the rates of duty specified in the said paragraphs (2)(a) and (4) shall be amended accordingly.
(3) For the table set out in paragraph (3), as substituted by section 56(1) of the Finance Act 1963 and amended by section 125(3) of the Finance Act 1972, substitute—
If the term does not exceed 7 years or is indefinite
If the term exceeds 7 years but does not exceed 35 years
If the term exceeds 35 years but does not exceed 100 years
If the term exceeds 100 years
£p
£p
£p
£p
Not exceeding £5 per annum.
Nil
0.10
0.60
1.20
Exceeding £5 and not exceeding £10.
Nil
0.20
1.20
2.40
Exceeding £10 and not exceeding £15.
Nil
0.30
1.80
3.60
Exceeding £15 and not exceeding £20.
Nil
0.40
2.40
4.80
Exceeding £20 and not exceeding £25.
Nil
0.50.
3.00
6.00
Exceeding £25 and not exceeding £50.
Nil
1.00
6.00
12.00
Exceeding £50 and not exceeding £75.
Nil
1.50
9.00
18.00
Exceeding £75 and not exceeding £100.
Nil
2.00
12.00
24.00
Exceeding £100 and not exceeding £150.
Nil
3.00
18.00
36.00
Exceeding £150 and not exceeding £200.
Nil
4.00
24.00
48.00
Exceeding £200 and not exceeding £250.
Nil
5.00
30.00
60.00
Exceeding £250 and also for any fraction part thereof.
0.50
1.00
6.00
12.00

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Source: https://www.legislation.gov.uk/ukpga/1974/30/schedule/11/paragraph/10 (the official version)
Page: https://openlegislation.uk/finance-act-1974/schedule-11/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.