Stamp duty amendment expands transfer coverage to single transferees and raises prescribed stamp charges under the Stamp Act. Amendment expands the scope of chargeable instruments by inserting that transfers where there is a single transferee, whether incorporated or not, are included within transfer provisions and revises specified Schedule I stamp rates by substituting higher prescribed fees in the relevant articles, thereby reclassifying stamp liabilities for affected instruments.
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Provisions expressly mentioned in the judgment/order text.
Stamp duty amendment expands transfer coverage to single transferees and raises prescribed stamp charges under the Stamp Act.
Amendment expands the scope of chargeable instruments by inserting that transfers where there is a single transferee, whether incorporated or not, are included within transfer provisions and revises specified Schedule I stamp rates by substituting higher prescribed fees in the relevant articles, thereby reclassifying stamp liabilities for affected instruments.
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