Paragraph 9 Finance Act 1986

(1)

The following provisions of the Finance Act 1986 are amended as follows.

(2)

In section 80D(9)(h)^f1 (stamp duty on repurchases and stock lending: replacement on insolvency) omit “or” and after that paragraph insert—

“(ha)
if a special administration order takes effect under the Investment Bank Special Administration Regulations 2011, or”.

(3)

In section 89AB(9)(h)^f2 (stamp duty reserve tax: exception for repurchases and stock lending in case of insolvency) omit “or” and after that paragraph insert—

“(ha)
if a special administration order takes effect under the Investment Bank Special Administration Regulations 2011.”.

Annotations

Footnotes

f1: Section 80D was inserted by the Finance Act 2009 (c. 10), section 83(1), Schedule 37, paragraphs 1, 2.
f2: Section 89AB was inserted by the Finance Act 2009, section 83(1), Schedule 37, paragraphs 4, 5.