Section 131 Inter-American Development Bank.

United Kingdom

C1(1)

The following provisions of this section shall have effect on the United Kingdom’s becoming a member of the Inter-American Development Bank (“the Bank").

(2)

F1A security issued by the Inter-American Development Bank shall be taken for the purposes of capital transfer tax F2. . . to be situated outside the United Kingdom.

(3)

No stamp duty shall be chargeable under F3Schedule 15 to the Finance Act 1999 (bearer instruments) F4... on the transfer of the stock constituted by, or transferable by means of, any instrument issued by the Bank.

Annotations

Textual amendments

F1: Words substituted by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), s. 844, Sch. 29 para. 32
F2: Words in s. 131(2) repealed (6.3.1992 with effect as mentioned in s. 289(1) of the repealing Act) by Taxation of Chargeable Gains Act 1992 (c. 12), s. 290, Sch.12 (with s. 201(3), Sch. 11 paras. 22, 26(2), 27)
F3: Words in s. 131(3) substituted (with application in accordance with s. 113(4) of the amending Act) by Finance Act 1999 (c. 16) s. 113(3) {Sch. 16 para. 3}
F4: Words in s. 131(3) omitted (with effect in accordance with Sch. 11 para. 25 of the amending Act) by virtue of Finance Act 2024 (c. 3), Sch. 11 para. 20

Modifications

C1: The United Kingdom formally joined the Inter-American Development Bank on 9 July 1976.