Stamp Duties Consolidation Act 1999 section 130

Assignment of policy of life assurance to be stamped before payment of money assured

Section 130 prevents any payment being made under an assignment of a life assurance policy until that assignment has been duly stamped, and makes the person who makes a payment in breach of this rule personally liable for the unpaid duty.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.