New Stamp Duty.

Horowhenua Chronicle, 29 October 1915, Page 3

New Stamp Duty.

— — v The new stamp duty oomes into force on Monday noxt, "under the Finance Act, 1915. The Commissioner of Stamp* supplies the following details.— The principal alterations are as follows Mew Duty, a d Receipts 2 1 Cheques , Agreements for sale of land and conveyances; for every L's()coil; sideration 10 0 Leases: For every £50 of annual rental '6 U Declarations 1 3 Mortgage: For every £100 ..." 5 0 Moree-racing stakes lp.c. Totalisator dividend tax (id in in every pound of dividend. For the purpose' of assessing the totalisator duty the dividend in the amount paid into the totafiShtor on. any race after the deduction of 10 pet' cent. Example:— £ Total amount paid into totalisator '. 1000 Less ,10 per cent 100 Duty at 6d on £900 equals £22 10s: amount available for distribution £$77* • 100. . ! -