Stamps (Amendment) Act, 2002, 2002

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Short title: 

Stamps (Amendment) Act, 2002

Date of promulgation: 

4 May 2002

Date of commencement: 

1 July 2001

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THE STAMPS (AMENDMENT) ACT, 2002
_______
ARRANGEMENT OF SECTIONS.
Section.
1. Short title and commencement.
2. Substitution of First Part of Schedule to Stamps Act.
THE STAMPS (AMENDMENT) ACT, 2002.
An Act to amend the Stamps Act to revise the stamp duties specified in the
Schedule to that Act.
DATE OF ASSENT: 4th May, 2002.
Date of commencement: 1st July, 2001.
BE IT ENACTED by Parliament as follows:
1. Short title and commencement.
(1) This Act may be cited as the Stamps(Amendment) Act, 2002 and shall
be deemed to have come into force on 1st July, 2001.
2. Substitution of First Part of Schedule to Stamps Act.
The Stamps Act is amended by substituting for the First Part of the Schedule to
that Act the following new Part—
Section 2
“FIRST PART
Description of instrument Stamp duty
1. ACKNOWLEDGEMENT of a debt exceeding shs 100,000 5,000/=
2. ADMNISTRATION BOND 5,000/=
3. ADOPTION DEED 5,000/=
4. AFFIDAVIT including an affirmation or declaration 5,000/=
5. AGREEMENT OR MEMORANDUM of an agreement 5,000/=
6. AGREEMENT relating to deposit of title—deeds, pawn
pledge-of the total value 1%
7. APPOINTMENT IN EXECUTION of a power, whether of
trustees or of property 5,000/=
8. APPRAISEMENT OR VALUATION made otherwise than under 5,000/=
an order of Court-of the total value 1%
9. APPRENTICESHIP DEED 5,000/=
10. ARTICLES OF ASSOCIATION OF A COMPANY 10,000/=
11. ASSENT TO BEQUEST WHETHER UNDER HAND OR SEAL 5,000/=
12. AWARD by arbitrator or umpire 5,000/=
13. BILL OF EXCHANGE [as defined in section 2] not being
a BOND, bank note or currency note 5,000/=
14. BILL OF LADING (including a thorough bill of lading) 5,000/=
15. BILL OF SALE 5,000/=
16. BOND (not being a debenture) 5,000/=
17. CANCELLATION—instrument of 5,000/=
18. CAPITAL DUTY 5,000/=
(i) on nominal share capital or any increase of it of
any company incorporated in Uganda with limited
liability—of the total value 0.5%
(ii) on increase of share capital of any company when the
increase is a condition precedent for disbursement of
loan funds for a development project Nil
(iii) on becoming public through the operation of the stock exchange Nil
19. CAVEAT (under the Registration of Titles Act or any other
law relating to the registration of title to land) 5,000/=
20. CERTIFICATE OF SALE (in respect of each property put up
as a separate lot and sold) 5,000/=
21. CHARTER PARTY (instrument for charter hire or vessel or
part of it) 5,000/=
22. CHEQUE 5,000/=
23. COMPOSITION DEED (instrument of conveyance of property
by a debtor for the benefit of his creditors)—of the total value 1%
24. CONVEYANCE (not being transfer)—of the total value 5,000/=
25. COPY OF EXTRACT 5,000/=
26. COUNTERFEIT OR DUPLICATE of an instrument
chargeable with duty and in respect of which the
property duty has been paid 5,000/=
27. DEBENTURE—whether a mortgage debenture or not,
being of a marketable security-of the total value 0.5%
28. DEED 5,000/=
29. DELIVERY—Order in respect of goods 5,000/=
30. DIVORCE—(any instrument by which any person effects
the dissolution of his marriage) 5,000/=
31. EQUITABLEMORTGAGE—of the total value 0.5%
32. EXCHANGE OF PROPERTY—of the total value 1%
33. EXTRACT 5,000/=
34. FURTHER CHARGE—any instrument imposing a further
Charge on mortgaged property—of the total value 0.5%
35. GIFT— Instrument of not being a settlement or will or
transfer—of the total value 1%
36. HIRE PURCHASE AGREEMENT—of the total value 1%
37. INDEMNITY BOND 1%
38. LEASE—of the total value 1%
39. LETTER OF CREDIT—an instrument by which one
person authorises another to give credit to the person
in whose favour it is drawn 5,000/=
40. LETTER OF LICENCE—any agreement between a debtor
and his creditors that the latter shall for a specified time,
suspend their claims and allow the debtor to carry on
business at his own discretion 5,000/=
41. MEMORANDUM OF ASSOCIATION OF A COMPANY 10,000/=
42. (a) Mortgage deed; of the total value 0.5%
AMORTGAGOR who gives a power of attorney to
collect rents or a lease of the property mortgaged is
deemed to give possession wthin the meaning of this item.
(b) Where a collateral or auxiliary or additional or
substituted security is given by way of further assurance
where the principal or primary security is duly stamped 5,000/=
43. MORTGAGE OF A CROP—including any instrument
endorsement, note, attestation, certificate or entry not being
PROTEST OF A BILL OF NOTE, made or signed by a Notary
Public in the execution of the duties of his office or by other
person lawfully acting as a Notary Public 5,000/=
44. NOTARIAL ACT—made or signed by a Notary Public in
the Execution of the duties of his office, or by any other
person lawfully acting as a Notary Public 5,000/=
45. NOTE ORMEMORANDUM—sent by a broker or agent
to his principal intimating the purchase or sale on account
such principal of any goods stock or marketable security 5,000/=
46. NOTE OF PROTEST BY THEMASTER OF SHIP 5,000/=
47. PARTITION 5,000/=
48. PARTNERSHIP 5,000/=
(b) DISSOLUTION OF PARTNERSHIP 5,000/=
49. POLICY OF INSURANCE 5,000/=
(b) LIFE INSURANCE Nil
50. POWER OF ATTORNEY 5,000/=
51. PROMISSORY NOTE 5,000/=
52. PROTEST OF BILL OR NOTE—any declaration in writing
made by a Notary Public, attesting the dishonour of a
bill of exchange or promissory note 5,000/=
53. RECEIPT—as defined by section 2 for any money or other
property the amount of value exceeds Shs. 50,000/= 5,000/=
54. RECONVEYANCE OFMORTGAGED PROPERTY—of the total value 5,000/=
55. RELEASE—Any instrument not being such a release as
is provided for by section 26(2) by which a person
renounces a claim upon another person or against
any specified property 5,000/=
56. RESPONDENTIA BOND—any instrument securing a loan
on the cargo laden on board a ship and making
repayment contingent on the arrival of the cargo
at the port of destination 5,000/=
57. SERURITY BOND ORMORTGAGE DEED—executed by
way of security for the due execution of an office,
or to account for money or other property received by
virtue thereof or executed by a surety to secure the due
performance of a contract—of the total value 1%
58. SETTLEMENT
A. INSTRUMENT OF—(including a deed of dower) 5,000/=
B. REVOCATION OF 5,000/=
59. SHAREWARRANTS—to bearer issued under the
Companies Act—of the total value 1%
60. SHIPPING ORDER—for or relating to the conveyance of
goods on board any vessel 5,000/=
61. SOLEMN OR STATUTORY DECLARATION 5,000/=
62. SURRENDER OF LEASE 5,000/=
63. TRANSFER—
(i) of the total value 1%
(ii) transfer of shares in an incorporated company
listed on the stock exchange, arising from the
trading of those shares on the stock exchange Nil
64. TRUST—concerning any property made by any writing
not being a will 5,000/=”