{
  "url": "https://openlegislation.uk/finance-act-1970/schedule-7/paragraph-2",
  "json_url": "https://openlegislation.uk/finance-act-1970/schedule-7/paragraph-2.json",
  "legislation": "ukpga/1970/24",
  "legislation_title": "Finance Act 1970",
  "legislation_url": "https://openlegislation.uk/finance-act-1970",
  "path": "schedule/7/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "(1) This paragraph has effect as from 1st February 1971.\n(2) The following stamp duties are hereby abolished—\n(a) the duty of 2d. specified in Schedule 1 to the Stamp Act 1891 under the heading beginning “Bill of Exchange or Promissory Note\" inserted by section 33(1) of the Finance Act 1961; and\n(b) the duty of 2d. specified in that Schedule under the heading beginning “Receipt\".\n(3) No application for relief in respect of the duty referred to in sub-paragraph (2)(a) above may be made under any of sections 9 to 12 of the Stamp Duties Management Act 1891 (spoiled, misused and unwanted stamps); and no repayment shall be made under any agreement entered into under section 39 of the Finance Act 1956 (composition for the said duty by bankers) in respect of any form supplied by a banker to a customer and returned to the banker unused or spoiled on or after the said 1st February.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "1891 c. 39."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "1961 c. 36."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "1891 c. 38."
    },
    {
      "type": "M",
      "label": "M4",
      "text": "1956 c. 54."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1970/24/schedule/7/paragraph/2",
    "retrieved_at": "2026-10-29T10:51:17.153260+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."
}