What You Should Know About the Stamp Duties Act

Proshare

Wednesday, January 20, 2016 02:06 PM / TheAnalyst

The items and persons subject to stamp duties are instruments or written documents relating to matters executed between a company and an individual, group or body of individuals.

Part II of the Stamp Duties Act, from Section 27 talks about regulations applicable to particular instruments and went on to talk about the mode of denoting the duty.

Instruments which may be subject to stamp duties include financial instruments or transactions, statements of share capital ownership, bonds, depositions, lease agreements, mortgage bonds, debentures, receipts, policies of insurance, promissory note etc.

Click Here to Download The Stamp Duties Act


Related News

CBN directs DMBs to charge N50per transactions in accordance with provisions of the Stamp Duties Act


 

READ MORE:
Related News
SCROLL TO TOP