AGREEMENT
Agreement or Memorandum of an Agreement under hand only, and not otherwise specifically charged with any duty, whether the same be only evidence of a contract or obligatory upon the parties from its being a written instrument, not made by a public officer officially .............. $2.50
Exemptions
(a)
Agreement or Memorandum for the hire of any labourer, artificer, manufacturer or menial servant.
(b)
Agreement or Memorandum relating to the wages of any seaman on board any vessel using the ports of Barbados.
(c)
Agreement, Letter or Memorandum relating to the sale or purchase of any goods, wares or merchandise.
(d)
Agreement or Memorandum the subject matter whereof is not of the value of $25.
(e)
Ticket issued to a passenger travelling on a sea-going vessel: but this exemption shall not affect the liability of any such ticket to duty as a receipt.
APPRAISEMENT or valuation of any property or of any interest therein or of the annual value thereof or of any dilapidations or of any repairs wanted or of the materials and labour used or to be used in any building or of any artificer’s work whatsoever, on the value thereof 2/5 of 1 per cent
Exemptions
(a)
Appraisement or valuation made for, and for the information of, one party only, and not being in any manner obligatory as between parties, either by agreement or operation of law.
(b)
Appraisement or valuation of any property made for the purpose of ascertaining the legacy or succession or estate duty payable in respect thereof.
(c)
Appraisement for the purpose of determining compensation to a tenant of lands held incident to service.
ASSIGNMENT of property real or personal, not otherwise charged under this Act, on the value thereof .............. 1 3/5 of 1 per cent
Exemption
Assignment by an executor to a legatee of personal property bequeathed to the husband, wife or child of the testator.
AWARD: whether made by Agreement or under the order of a court or otherwise, on the value thereof .............. 1 3/5 of 1 per cent
BANKER’S CHEQUES
On every cheque on any bank or banking company in Barbados .............. 10 cents
Exemptions
Cheques drawn by any public officer in the execution of his duty.
Cheques or vouchers drawn by the National Insurance Board and payable to National Insurance Pensioners.
BILLS OF EXCHANGE OR PROMISSORY NOTES (including 1.O.U’s and other acknowledgments of indebtedness drawn or expressed to be payable or actually paid or endorsed or in any manner negotiated in Barbados) - For every $100 or part thereof .............. 25 cents
Exemptions
(a)
Bills drawn by, or payable to, the Government.
(b)
Notes drawn by, or expressed to be payable to, or actually paid to, the Government.
(c)
Order for the transmission of money through the Post Office.
(e)
Bills drawn by or payable to the Caribbean Financial Services Corporation.
BILL OF LADING
Every signed copy except the Master’s
In any other trade .............. $ 5.00
BOND OR COVENANT not otherwise charged in the value thereof .............. 1/4 of 1 percent.
Bond of indemnity or other bond not being for the payment of a specific sum of money .............. $ 25.00
Exemptions
(a)
Bonds, debentures and all other obligations whatsoever whether under seal or under hand only given by the Government to secure the repayment of money.
(b)
Bond by public officer in respect of the execution of his duty.
CHARTERPARTY
On every charterparty or copy .............. $100.00
CONVEYANCE or transfer on sale or by way of voluntary disposition inter vivos of real or personal property.
For every $1000 or part thereof .............. $ 10.00
COUNTERPART
Of any instrument chargeable with any duty when such duty does not amount to $250 .............. $ 5.00
In any other case .............. $ 10.00
CUSTOMS
[Repealed by 1996-15.]
DEED of any kind whatsoever not described elsewhere in the Schedule
Involving property under $500 .............. $ 25.00
Involving property of $500 or over .............. $ 50.00
EXEMPT INSURANCE DOCUMENTS [1983-44]
Every agreement, assignment, bill of exchange, bond, covenant, debenture, deed or licence made, executed or issued in Barbados in the course of carrying on or in order to carry on exempt insurance business within the meaning of section 3 of the Exempt Insurance Act, Cap. 308A.............. $ 10.00 FOREIGN SALES CORPORATION [1984-45]
INTERNATIONAL SOCIETIES WITH RESTRICTED LIABILITY [2005-18]
(b)
every agreement, assignment, bill of exchange, bond, covenant, debenture or deed made or executed in Barbados in the course of business of an international society with restricted liability pursuant to the
Societies with Restricted Liability Act, Cap. 318B.............. $ 10.00
[2005-18]
Every debenture, charge, pledge or other instrument made or executed by a member of an international society with restricted reliability on quotas held in the society by the member for the performance of an obligation outside of Barbados.
INTERNATIONAL FINANCING DOCUMENTS [2001-30]
Documents relating to financial transactions of companies engaged in the business of international financing in respect of equipment such as aircraft, ships or trains, where the sum secured or the consideration given in respect of each instrument of the transaction exceeds $1 000 000:
Where the sum secured or the consideration given in respect of each instrument of the transaction is
(a)
$1 000 000 - $50 000 000 .............. $ 500
(b)
$50 000 001 - $100 000 000 .............. $1 000
(c)
$100 000 001 - $150 000 000 .............. $1 500
(d)
$150 000 001 - $200 000 000 .............. $ 2 000
(e)
$200 000 001 and over .............. $ 4 000.
INTERNATIONAL TRUSTS
Every agreement, assignment, bill of exchange, bond, covenant, debenture or deed made or executed in Barbados in the course of business of an international trust pursuant to the International Trusts Act, Cap. 245.............. $ 10.00 [1995-14]
LEASE OR AGREEMENT FOR A LEASE [1977-25; 1982-19]
On the annual rental thereof .............. 1%
Where the consideration for the lease is of any other kind whatsoever .............. $ 25.00
Surrender of lease:
Where the duty with which the lease is chargeable does not exceed $3.00 .............. same as the original lease
In any other case .............. $ 10.00
LICENCE FOR MARRIAGE
In respect of citizens (or permanent residents) of Barbados .............. $ 10.00
In respect of others .............. $ 25.00
MORTGAGE, BOND, DEBENTURE, COVENANT, BILL OF SALE, JUDGMENT OBTAINED (except any judgment obtained by or on behalf of the Crown) OR JUDGMENT CONFESSED
(1)
Being the only or principal or primary security (other than an equitable mortgage) for the payment or repayment of money: Where the sum secured
Does not exceed $500 .............. $ 5.00
Exceeds $500, for every $500 and also for any fractional part of that amount secured .............. $ 3.00
(2)
Being a collateral or auxiliary or additional or substituted security or by way of further assurance for the abovementioned purpose where the principal or primary security is duly stamped: For every $500 and also for any fractional part of $500 of the amount secured .............. $ 1.00
Exemptions
(a)
Debentures, Bills of Sale and other types of charges created for the purpose of loans guaranteed under the Central Bank of Barbados Credit Guarantee Scheme.
(b)
Special Judgment confessed in any case where, concurrently with the giving of such security, a mortgage is given over the same property to the same person for the same debt or any part thereof.
(3)
Being an equitable mortgage and the primary or collateral or auxiliary security: For every $500 and also for any fractional part of $500 of the amount secured .............. $ 1.00
(4)
Transfer or assignment of a mortgage, bond, debenture or covenant or of any money or stock secured by such instrument or by any warrant of attorney to enter up judgment or by any judgment: For every $500 and also for any fractional part of $500 of the amount transferred or assigned .............. $ 1.00
Where any further money is added to the money already secured .............. the same duty as a principal security for such further money.
Exemptions
(a)
Assignment of Special Judgment along with Mortgage, where the Special Judgment has been confessed concurrently with the giving of the mortgage to the same person for the debt and binds the same property.
(b)
Transfer of debentures or stock issued by the Government.
(5)
Re-conveyance, release, discharge, surrender, warrant to vacate or renunciation of any such security as aforesaid (other than an equitable mortgage) or of the benefit thereof or of the money thereby secured: For every $500 and also for any fractional part of $500 of the total amount or value of the money at any time secured .............. $ 1.00
Exemptions
(a)
Release of Special Judgment contained in the same document with discharge of Mortgage or Re-conveyance where the Special Judgment has been confessed concurrently with the giving of the Mortgage to the same person for the same debt and binds the same property.
(b)
Release or discharge from any equitable mortgage.
DOCUMENTS OF THE CARIBBEAN FINANCIAL SERVICES CORPORATION [1984-1]
Every agreement, assignment, bill of exchange, bond, covenant, debenture or deed made or executed in Barbados in the course of carrying on the business of the Caribbean Financial Services Corporation .............. $10.00
INTERNATIONAL FINANCIAL SERVICES DOCUMENTS [2005-18]
Every agreement, assignment, bill of exchange, bond, covenant, debenture, deed or other instrument made or executed in Barbados in the course of carrying on international financial services within the meaning of section 4 of the International Financial Services Act, Cap. 325.............. $10.00 INTERNATIONAL BUSINESS COMPANIES DOCUMENTS [2005-18]
Every agreement, assignment, bill of exchange, bond, covenant, debenture, deed or other instrument made or executed in Barbados
(ii)
in relation to an international business company under the International Business Companies Act.............. $ 10.00
Exemptions
Every debenture, charge, pledge or other instrument made or executed by a shareholder on his shares in an international business company for the performance of an obligation outside of Barbados.
NOTARIAL ACT of any kind .............. $10.00
PARTNERSHIP
Articles or other agreement for .............. $100.00
POLICE CERTIFICATES to intending travellers .............. $ 2.50
POLICY OF INSURANCE [1934-36]
LIFE. On each policy executed or issued in Barbados .............. $ 20.00
FIRE, etc. For any payment agreed to be made by way of indemnity against loss or damage of or to any property in Barbados by fire or otherwise and on the transfer and assignment of any such policy .............. 1/40 of 1 percent of sum insured.
Receipt or discharge for any payment made or expenditure incurred by way of indemnity against loss or damage of or to any property in Barbados by fire or otherwise .............. 1 percent of indemnity against loss.
SEA INSURANCE
For or upon any voyage for time .............. 1/20 of 1 percent of sum insured.
Where the insurance is made for any time not exceeding 6 months .............. 1/20 of 1 percent of sum insured.
Where the insurance is made for any time exceeding 6 months and not exceeding 12 months .............. 1/10 of 1 percent of sum insured.
POSTAL PACKETS
Insurance of, otherwise than by the Post Office
For every $250 or part thereof .............. 50 cents
POWER OR LETTER OF ATTORNEY OR SUBSTITUTION
Power of Attorney or Substitution under one or more powers of Attorney
Power of Attorney notwithstanding the same shall be made by the same person or several persons in different capacities and in respect of several properties, monies, securities, matters and things:
If under seal .............. $25.00
If not under seal .............. $10.00
Power or Letter of Attorney or Substitution of every other kind .............. $25.00
Exemptions
Warrant of Attorney to confess and enter up judgment.
Receipt or discharge given for the payment of $20 and upwards including all certificates of loans given under the Agricultural Aids Act, Cap. 252 and the receipts and discharges for the same .............. 10 cents Exemptions
(a)
Receipts given upon paying monies into or withdrawing money from a bank.
(b)
Acknowledgment by any banker of the receipt of any bill of exchange or promissory note for the purpose of being presented for acceptance or payment.
(c)
Receipt given by any public officer.
(d)
Receipts for money paid by the Post Office on Money Orders, which by Convection it has been agreed by the Crown not to tax.
(e)
Receipts given in the execution of his duty by any member of the Board of Management of a public secondary school constituted under the authority of the
Education Act, Cap. 41 or by any officer of the Governing Body.
[1981-25]
(f)
Receipt given for or on account of any salary, pay or wages or for or on account of any other like payment made to or for the account or benefit of any person, employed on a weekly basis or for a period of less than one week in respect of his office or employment.
QUALIFYING INSURANCE COMPANY DOCUMENTS [1998-31]
Every agreement, assignment, bill of exchange, bond, covenant, debenture, deed or licence made, executed or issued in Barbados by a company that is a qualifying insurance company within the meaning of the Insurance Act, Cap. 310.............. $10.00 Exemption
TRAVELLERS’ CHEQUES
For each cheque not exceeding $50 .............. 10 cents
For each cheque exceeding $50 .............. 50 cents
TRUST
Any instrument by which a new trustee is appointed or discharged .............. $ 25.00
Exemptions
(a)
Any instrument transferring or vesting any trust property in a new or continuing trustee or trustees.
(b)
Any instrument vesting the bare legal estate in any person or persons.
GENERAL EXEMPTIONS FROM ALL STAMP DUTIES
All instruments duly executed by or on behalf of the University of the West Indies.
All securities of a public company that are listed and transferred through the Securities Exchange in accordance with rules made under section 54 of the Securities Exchange Act, Cap. 318A.**[This paragraph came into operation on 1st June, 1987.]
[1987-11]
