Stamp Duties - Law Dictionary Search Results
Home Dictionary Name: stamp duties Page: 3 Page 3 of about 44 results (0.004 seconds)Legacy duty
Legacy duty, a tax paid to Government on legacies and shares of residue, rising from 1 to 10 per cent. in proportion of the distance of relationship between the testator or intestate and legatee. The personal representative is liable to pay the duty. He must show a receipt signed by the legate giving certain particulars, including the amount or value of the legacy and the duty payable thereon. Duty is then paid and the receipt is stamped. If the duty is not paid by the personal representative the legatee is chargeable. The principal Acts relating to the legacy duty are the (English) Legacy Duty Act, 1796 (36 Geo. 3, c. 52); the (English) Stamp Act, 1815 (55 Geo. 3, c. 184); the (English) Customs and Inland Revenue Act, 1881 (44 & 45 Vict. c. 12), ss. 41-43; and the (English) Finance (1909-10) Act, 1910, pt. Iii. See Chitty's Statutes, tit. 'Death Duties.' Consult Hanson or Norman on Death Duties....
stamp
stamp : an official mark or seal set on something (as a deed) chargeable with a government or state duty or tax or on papers requiring execution under certain conditions to signify that the duty or tax has been paid or the condition fulfilled ;esp : revenue stamp ...
Adjudication stamp
Adjudication stamp, the stamp impressed on or affixed to an instrument after the Commissioners of Inland Revenues have been requested by any person under s. 12 of the Stamp Act, 1891, in a case of doubt, to assess the duty chargeable on any instrument. These is an appeal from this assessment to the High Court....
Probate duty
Probate duty, a tax (now merged in estate-duty) on the gross value of the personal property of the deceased testator. For amount from 1815 to 1880, see schedule to the (English) Stamp Act, 1815 (55 Geo. 3), s. 184. In 1880 a new scale of duties was imposed by 43 Vict. c. 14, s. 9, and in 1881 a further in ceased scale by the (English) Customs and Inland Revenue Act, 1881 (44 & 45 Vict. c. 12). By 55 Geo. 3, c. 184, s. 37, a penalty of 100l. and 10 per cent. additional duty is payable by a person acting as executor and not obtaining probate within six months.The (English) Finance Act, 1894, substitutes an estate duty, to which both real property and personal property are liable, for probate duty. See ESTATE DUTY....
National insurance
National insurance. The (English) National Insur-ance Act, 1911 (1 & 2 Geo. 5, c. 55), introduced by Mr. Lloyd George, established a wide system of compulsory state insurance covering both ill-health and unemployment, which is based upon premiums contributed in part by the employer, in part by the employee, and in part by the State. The Act consisted of three parts, the first dealing with National Health Insurance, the second with Unemployment Insurance, and the third contained miscellaneous provisions. This Act remained the basis of National Health Insurance, although the subject of very extensive amendment, until the National Health Insurance Act, 1924, consolidated the law. The law has been consolidated again by the (English) National Health Insurance Act, 1936 (26 Geo. 5, and 1 Edw. 8, c. 32), amends and repeals the whole of the Acts passed in 1920, 1922, 1924 and 1928. The arrangement is as follows:-Part I. Insured Persons and Contributions.Part II. Benefits.Part III. Approved Soc...
Special pleaders
Special pleaders, members of an inn of Court who devote themselves mainly to the drawing of pleadings, and to attending at judge's chambers. If not called to the Bar, as was in former times (when many special pleaders practised as such prior to being called to the Bar) frequently the case, they take out annual certificates on which a duty of 9l. is payable, under s. 44 and Schedule of the (English) Stamp Act, 1891, re-enacting similar provisions of the repealed Stamp Act, 1870. They are exempt while in practice from jury service, by the Juries Act, 1870, and see (English) Solicitors Act, 1932 (22 & 23 Geo. 5, c. 37), ss. 47 to 49....
Stranger in blood
Stranger in blood, a person in no degree of relation-ship to another. See schedule to the Stamp Act, 1815 (Chitty's Statutes, tit. 'Death Duties'), by which 10 per cent. duty is payable on a legacy 'to or for the benefit of any stranger in blood to the deceased' testator. An illegitimate child is treated by the Inland Revenue authorities as a 'stranger in blood' within the Act; but see May and August numbers of the Law Magazine and Review of 1905. Aliter as to legitimated children, see Legitimacy Act, 1926, s. 7.One not related by blood, such as relative by affinity, Black's Law Dictionary, 7th Edn., p. 1433....
Life-rent
Life-rent, a rent received for a term of life. See SETTLED LAND.The doctrine of the lifting of the veil has been applied in the words of Palmer in five categories of cases; where companies are in the relationship of holding and subsidiary (or subsidiary) companies; where a shareholder has lost the privilege of limited liability and has become directly liable to certain creditors of the company on the ground that, with his knowledge, the company continued to carry on business six months after the number of its members was reduced below the legal minimum; in certain matters pertaining to the law of taxes, debts, duties and stamps, particularly where the question of the 'controlling interest' is in issue; in the law relating to exchange control; and in the law relating to trading with the enemy where the test of control is adopted, Tata Engineering and Locomotive Co. Ltd. v. State of Bihar, AIR 1965 SC 40 (47): (1964) 6 SCR 885. (Companies Act, 1956, s. 34)...
Sealer
One who seals especially an officer whose duty it is to seal writs or instruments to stamp weights and measures or the like...
Bond
Bond [fr. binda, band, bunden, A. S., to bind], a written acknowledgement or binding of a debt under seal. See DEED. No technical form of words is necessary to constitute a bond; see Gerrard v. Clowes, (1892) 2 QB 11; Strickland v. Williams, (1899) 1 QB 382. The person giving the bond is called the obligor, and he to whom it is given the obligee. A bond is called single (simplex obligatio) when it is without a penalty, but there is generally a condition added, that, if the obligor does or forbears from some act, the obligation shall be void, or else shall remain in full force, and the bond is then called a double or conditional one; see Dav. Prec. Vol. V., pt. Ii., p. 268. When a bond contains a penalty, which is generally double the amount of the principal sum secured, only the sum actually owing, with interest, can be recovered, and in no case can this exceed the amount appearing on the face of the bond. See 8 & 9 Wm. 3, c. 11, s. 8; Re Dixon, (1900) 2 Ch 561.Although it is unnecessa...
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