Stamp Duties Consolidation Act 1999 section 24

One bill only of a set need be stamped

Section 24 provided that where a bill of exchange was drawn in a set, only one bill of that set needed to be stamped. This section was deleted for bills of exchange drawn on or after 2 April 2007.

• Where a bill of exchange was drawn as part of a set of bills, only one bill in the set needed to bear stamp duty.
• The stamped bill was the one that was first received in the State, preventing double or multiple charges of duty on what was effectively a single transaction.
• Section 24 was deleted by section 101(1)(d) of the Finance Act 2007.
• The deletion applied to bills of exchange drawn on or after 2 April 2007.