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FINANCE ACT (NORTHERN IRELAND) 1948

FINANCE ACT (NORTHERN IRELAND) 1948 - LONG TITLE

An Act to alter certain duties of excise (including entertainments
duty and duties on licences for mechanically-propelled vehicles) and
stamp duties; to amend the law relating to the duties aforesaid and
to death duties; to abolish certain duties; to provide for certain
payments; and to make further provision in connection with finance.
[10th August 1948]
Part I (ss.1,2)Death Duties

Part II (ss.35) rep. by SLR (NI) 1952; 1954 c.17 (NI) s.28(1)
sch.7; SLR 1980

Ss.69 rep. by 1949 c.15 (NI) s.16 sch.4 Pt.II; SLR (NI) 1952; 1952
c.13 (NI) s.6(2) sch.4 Pt.I; 1956 c.11 (NI) s.9(1) sch. Pt.I; SL(R)
1976

FINANCE ACT (NORTHERN IRELAND) 1948 - SECT 10
Duty in respect of property acquired by means of certain vesting
orders.

10.(1) Where by the operation of a vesting order made by any
Ministry of Northern Ireland under or by virtue of the Roads
Improvement Act (Northern Ireland), 1928, or any subsequent enactment
(including an enactment passed after this Act) of the Parliament of
Northern Ireland, any land (including land covered by water) or any
easement or right in or over any land is vested in any local or
public authority (not being a Ministry of Northern Ireland) the
following provisions shall have effect with respect to the stamp
duty chargeable on such vesting:

(a)the vesting order shall not be deemed to be an instrument upon
which stamp duty is chargeable;

(b)the instrument upon which stamp duty is chargeable shall

(i)where the compensation money payable in respect of such vesting
is paid into court by the local or public authority, as the case
may be, be the receipt given to the authority for that payment by
the proper officer of the court [or the certificate or privity
given by such officer in respect of that payment]; and

(ii)where the said compensation money is not paid into court, be
the receipt given to the authority by the person to whom the
compensation money is paid;

(c)the stamp duty chargeable on each such receipt [certificate or
privity] as is mentioned in sub-paragraph (i) or (ii) of the last
preceding paragraph shall be the ad valorem stamp duty which would
be payable on a conveyance on sale of the land or rights to which
the receipt [certificate or privity] relates for a consideration
which is the compensation money for which the receipt [certificate
or privity] is given;

(d)each such receipt [certificate or privity] as aforesaid shall,
notwithstanding anything contained in sub-section (6) of section nine
of the Finance Act (Northern Ireland), 1936 (which section requires
the presentation to the Ministry of particulars as to certain
transfers and lettings of land) or in any regulations made under
that sub-section, be deemed to be an instrument by means of which
a transfer on sale of an interest in land is effected and to
which the provisions of the said section nine applies.

Subs.(2) rep. by SLR (NI) 1953

Part IV (ss.1113) rep. by 1949 c.15 (NI) s.16 sch.4 Pt.IV; 1949
c.23 (NI) s.13 sch.2

S.17 rep. by SLR (NI) 1952

FINANCE ACT (NORTHERN IRELAND) 1948 - SECT 18
Short title and construction.

18.(1) This Act may be cited as the Finance Act (Northern Ireland),
1948.

(2) ... Death Duties ..., Part III of this Act shall be construed
as one with the Stamp Act, 1891.

Subs.(3)(4) rep. by 1954 c.33 (NI) s.48(1) sch.