Category: Nigeria


  • Section 63 Stamp Duties Act Section 63 of Stamp Duties Act 1939 is about Duty on gifts inter vivos. It provides as follows: (1) Any conveyance or transfer operating as a voluntary disposition inter vivos shall be chargeable with the like duty as if it were a conveyance or transfer on sale, with the substitution…

  • Section 62 Stamp Duties Act Section 62 of Stamp Duties Act 1939 is about Duty payable in certain cases under an Act on vesting of property. It provides as follows: Where by virtue of an Act, either-(a) any property is vested by way of sale in any person; or (b) any person is authorised to…

  • Section 61 Stamp Duties Act Section 61 of Stamp Duties Act 1939 is about Principal instillment, how to be ascertained. It provides as follows: The parties may determine for themselves which of several instruments shall be deemed the principal instrument, and may pay the ad valorem duty thereon accordingly.

  • Section 60 Stamp Duties Act Section 60 of Stamp Duties Act 1939 is about Provision as to sale of an annuity or right not before in existence. It provides as follows: Where upon the sale of an annuity or other right not before in existence such annuity or other right is not created by actual…

  • Section 59 Stamp Duties Act Section 59 of Stamp Duties Act 1939 is about Where interest in land transferred by sale and possession without a conveyance. It provides as follows: Where any instrument which purports to convey any estate or interest in land, hereditament or heritage does not operate in law to transfer such estate…

  • Section 58 Stamp Duties Act Section 58 of Stamp Duties Act 1939 is about Certain contracts to be chargeable as conveyances on sale. It provides as follows: (1) Any contract or agreement under seal, or under hand only, for the sale of any equitable estate or interest in any property whatsoever, or for the sale…

  • Section 57 Stamp Duties Act Section 57 of Stamp Duties Act 1939 is about Direction as to duty in certain cases. It provides as follows: (1) Where property contracted to be sold for one consideration for the whole is conveyed to the purchaser in separate parts or parcels by different instruments, the consideration shall be…

  • Section 56 Stamp Duties Act Section 56 of Stamp Duties Act 1939 is about How conveyance in consideration of a debt is to be charged. It provides as follows: Where any property is conveyed to any person in consideration, wholly or in part, of any debt due to him, or subject either certainly or contingently…

  • Section 55 Stamp Duties Act Section 55 of Stamp Duties Act 1939 is about Conveyance on sale with further covenant. It provides as follows: A conveyance on sale made for any consideration in respect whereof it is chargeable with ad valorem duty, and in further consideration of a covenant by the purchaser to make, or…

  • Section 54 Stamp Duties Act Section 54 of Stamp Duties Act 1939 is about How consideration consisting of periodical payments to be charged. It provides as follows: (1) Where the consideration, or any part of the consideration,for the conveyance on sale consists of money payable periodically for a definite period not exceeding twenty years, so…