HC Deb 30 September 1909 vol 11 c1543

The limitation of Section fifty-nine of the Stamp Act, 1891 (which makes certain contracts chargeable for the purposes of Stamp Duty as conveyances on sale), to contracts and agreements made in England, Ireland, or Scotland shall cease to have effect.

Question proposed, "That the Clause stand part of the Bill."


I would like an explanation of this Clause. I want to know particularly what stamps are affected by the Clause? Has the Clause any bearing on a recent case in which it was held that where goods are sold to be delivered in a certain period the contract was subject to Stamp Duty?


This Clause has nothing to do with that case. The sole object of the Clause is to make it necessary to stamp contracts when made abroad as they would be stamped if made in this country.


Is the effect of the Clause simply to prevent the evasion of Stamp Duty in respect of property in the United Kingdom which is made the subject of negotiation and agreement abroad?

Sir SAMUEL EVANS indicated that that was so.

Clause agreed to.