# The European Communities (Tax Exempt Securities) Order 1985

S.I. 1985/1172 · made 25 July 1985

This Order provides for the limited exemptions from income tax, capital transfer tax, capital gains tax and stamp duty contained in section 126 of the Finance Act 1984, as amended by section 96 of the Finance Act 1985, to be given in respect of securities issued by the European Communities and the European Investment Bank. These exemptions are conferred in order to give effect to a resolution of the Council of Ministers of the member states of the European Economic Community of 24/25th October 1960 in relation to the European Coal and Steel Community, the European Atomic Energy Community and the European Investment Bank and to grant equal treatment to the European Economic Community. In relation to stamp duty the Order supersedes the European Communities (Loan Stock) (Stamp Duties) Order 1972.

PDFs: Printed copy https://openlegislation.uk/european-communities-tax-exempt-securities-order-1985/pdf/uksi_19851172_en.pdf

## Introductory text

TAXES
Made 25th July 1985
The Treasury in exercise of the powers conferred on them by section 126(4) of the Finance Act 1984 and section 96(2) of the Finance Act 1985, hereby make the following Order:—

## 1 

This Order may be cited as the European Communities (Tax Exempt Securities) Order 1985.

## 2 

The following bodies are designated for the purposes of section 126 of the Finance Act 1984:—
The European Economic Community
The European Coal and Steel Community
The European Atomic Energy Community
The European Investment Bank

## 3 

The European Communities (Loan Stock) (Stamp Duties) Order 1972 is hereby revoked.

## Signature

Donald Thompson
John Major
Two of the Lords Commissioners of Her Majesty's Treasury
25th July 1985

## Explanatory note

This Order provides for the limited exemptions from income tax, capital transfer tax, capital gains tax and stamp duty contained in section 126 of the Finance Act 1984, as amended by section 96 of the Finance Act 1985, to be given in respect of securities issued by the European Communities and the European Investment Bank. These exemptions are conferred in order to give effect to a resolution of the Council of Ministers of the member states of the European Economic Community of 24/25th October 1960 in relation to the European Coal and Steel Community, the European Atomic Energy Community and the European Investment Bank and to grant equal treatment to the European Economic Community. In relation to stamp duty the Order supersedes the European Communities (Loan Stock) (Stamp Duties) Order 1972.

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Source: https://www.legislation.gov.uk/uksi/1985/1172 (the official version)
Page: https://openlegislation.uk/european-communities-tax-exempt-securities-order-1985
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.