{
  "url": "https://openlegislation.uk/european-communities-tax-exempt-securities-order-1985/note",
  "json_url": "https://openlegislation.uk/european-communities-tax-exempt-securities-order-1985/note.json",
  "legislation": "uksi/1985/1172",
  "legislation_title": "The European Communities (Tax Exempt Securities) Order 1985",
  "legislation_url": "https://openlegislation.uk/european-communities-tax-exempt-securities-order-1985",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "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.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1985/1172/note",
    "retrieved_at": "2026-10-29T17:06:39.122359+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}