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Statutes of Northern Ireland |
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You are here: BAILII >> Databases >> Statutes of Northern Ireland >> URL: http://www.bailii.org/nie/legis/num_act/leca1866209.txt |
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LANDED ESTATES COURT ACT 1866 LANDED ESTATES COURT ACT 1866 - LONG TITLE An Act to reduce the Number of Judges in the Landed Estates Court in Ireland, and to reduce the Duties payable under the Record of Title and Land Debentures Acts.{1} [10th August 1866] Preamble rep. by SLR 1893 Ss.13 rep. by SLR 1893 LANDED ESTATES COURT ACT 1866 - SECT 4 Rates of duty on sales, &c. 4. The several duties set out in the schedule hereto shall be levied and paid; .... LANDED ESTATES COURT ACT 1866 - SECT 5 Land debentures to be deemed mortgages. 5. ... No certificate under that Act shall be deemed to be a deed within the meaning of the Stamp Acts. A debenture under the said Act shall be deemed to be a mortgage for the amount of the principal money thereby secured, and a transfer of a debenture shall be deemed to be a transfer of a mortgage, and the Court shall frame and promulgate such rules and directions as it shall consider expedient for securing the payment of the transfer duty: Provided, that where on the original making and issuing of any debenture the same shall be stamped with a duty of [20p] for every hundred pounds and also for any fractional part of one hundred pounds of the principal money thereby secured, then every transfer thereafter made of such debenture shall be exempt from the stamp duty which would otherwise be payable in respect of the transfer. Ss.613 rep. by SLR 1893 LANDED ESTATES COURT ACT 1866 - SECT 14 Short title and construction. 14. This Act may be cited for all purposes as "The Landed Estates Court Act, 1866"; and in construing it the same meanings shall be assigned to words as were assigned to them by the Landed Estates Court (Ireland) Act, 1858. 1. If the value of the estate sold, or of which the title shall be judicially declared, do not exceed #10,000, then for every #100 of value a duty (at the present rate) of < 2. If the value exceed #10,000, and does not exceed #25,000, then for the first #10,000 after the rate aforesaid, and for every subsequent #100 of value a duty of < 3. If the value exceed #25,000, then for the first #10,000 a duty for every #100 of value of [50p], and for every #100 in value between #10,000 and #25,000 a duty of [25p] and for every subsequent #100 of value a duty of < 4. For every partition, exchange, or division made by order of the Court, where there is no sale of land, an uniform duty in respect of every #100 of value of <