# Finance Act 1999, Section 111: Stamp duty on conveyance or transfer on sale.

Extent: E+W+S+N.I.

(1) Section 55 of the Finance Act 1963 and section 4 of the Finance Act (Northern Ireland) 1963 (rates of stamp duty on conveyance or transfer on sale) are each amended as follows.
(2) In subsection (1)(d) (rate of £2 for every £100 etc. where consideration does not exceed £500,000 and the instrument is certified at that amount) for “£2” substitute “ £2.50p ”.
(3) In subsection (1)(e) (rate of £3 for every £100 etc. in cases not otherwise provided for) for “£3” substitute “ £3.50p ”.
(4) This section applies to instruments executed on or after 16th March 1999, except where the instrument in question is executed in pursuance of a contract made on or before 9th March 1999.
(5) This section shall be deemed to have come into force on 16th March 1999.

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Source: https://www.legislation.gov.uk/ukpga/1999/16/section/111 (the official version)
Page: https://openlegislation.uk/finance-act-1999/section-111
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.