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Paragraph 1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  • Sch. 19 Pt. 4 para. 14 15 16 17 repealed in part (prosp.) by Finance Act 1999 s. 123(3) s. 123(4) 139 Sch. 20 Pt. 5(6) Note
  • Sch. 19 Pt. 2 defn(s). applied (6.2.2000) by Finance Act 1999 s. 122(4) Sch. 19 Pt. 3 para. 11(4)(6) (adding 1986 c. 41 s. 90(1B))
(1)

No stamp duty is chargeable on a transfer or other instrument relating to a unit under a unit trust scheme.

(2)

Sub-paragraph (1) does not affect any charge to stamp duty—

(a)

on a conveyance or transfer on sale of property other than units under a unit trust scheme in relation to which such units form the whole or part of the consideration, or

(b)

under Schedule 15 to this Act (bearer instruments).

(3)

This paragraph has effect in relation to instruments executed on or after 6th February 2000.