# The European Single Currency (Taxes) Regulations 1998, Regulation 25: Replacement of stock in a euroconversion


(1) This regulation applies in a case where—
(a) there is an arrangement involving the transfer of stock to which subsection (1)(a) of section 80C of the Finance Act 1986 (repurchases and stock lending—exemption from stamp duty) applies, and
(b) there is a euroconversion of that stock (“the old stock”), effected wholly or in part by the issue of new stock to replace the old stock.
(2) The new stock shall be regarded, for the purposes of section 80C of the Finance Act 1986, as stock of the same kind and amount as the old stock.

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Source: https://www.legislation.gov.uk/uksi/1998/3177/regulation/25 (the official version)
Page: https://openlegislation.uk/european-single-currency-taxes-regulations-1998/regulation-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.