Stamp Act 1949 · Updated to 1 Jan 2026 · Part III · Provisions Applicable to Particular Instruments
22. Sale of annuity or right not before in existence
Feedback & supportWhere upon the sale of any annuity or other right not before in existence such annuity or other right is not created by actual grant or conveyance, but is only secured by bond, warrant of attorney, covenant, contract or otherwise, the bond or other instrument, or some one of such instruments, if there be more than one, shall be charged with the same duty as an actual grant or conveyance, and shall for the purposes of this
bond
“bond” means— (a) any instrument whereby a person obliges himself to pay money to another on condition that the obligation shall be void if a specified act is performed or is not performed, as the case may be; (b) any instrument, attested by a witness and not payable to order or bearer, whereby a person obliges himself to pay money to another;
Act be deemed an instrument of conveyance on sale.
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