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Paragraph 15

United Kingdom

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  • Sch. 19 Pt. 4 para. 14 15 16 17 repealed in part (prosp.)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))

References in the enactments relating to stamp duty and the enactments relating to stamp duty reserve tax to a unit trust scheme do not include—

(a)

a common investment scheme under section 22 of the M1Charities Act 1960, section 25 of the M2Charities Act (Northern Ireland) 1964 F1, section 24 of the Charities Act 1993 or section 96 of the Charities Act 2011,

(b)

a common deposit scheme under section 22A of the Charities Act 1960 F2, section 25 of the Charities Act 1993 or section 100 of the Charities Act 2011, or

(c)

a unit trust scheme the units in which are under the terms of the trust instrument required to be held only by F3charitable companies or trustees of charitable trusts.

Annotations

Textual amendments

F1

Words in Sch. 19 para. 15(a) substituted (14.3.2012) by Charities Act 2011 (c. 25), s. 355, Sch. 7 para. 81(a) (with s. 20(2), Sch. 8)

F2

Words in Sch. 19 para. 15(b) substituted (14.3.2012) by Charities Act 2011 (c. 25), s. 355, Sch. 7 para. 81(b) (with s. 20(2), Sch. 8)

F3

Words in Sch. 19 para. 15(c) substituted (1.4.2012) by Finance Act 2010 (c. 13), Sch. 6 paras. 15(3), 34(2); S.I. 2012/736, art. 11

Marginal citations

M1

1960 c.58.

M2

1964 c.33(N.I.).