{
  "url": "https://openlegislation.uk/finance-act-1999/schedule-20/part-V",
  "json_url": "https://openlegislation.uk/finance-act-1999/schedule-20/part-V.json",
  "legislation": "ukpga/1999/16",
  "legislation_title": "Finance Act 1999",
  "legislation_url": "https://openlegislation.uk/finance-act-1999",
  "path": "schedule/20/part/V",
  "kind": "part",
  "number": "V",
  "heading": "Stamp duty and stamp duty reserve tax",
  "text": "(1)\nStamp duty: interest and penalties on late stamping\n1.These repeals have effect in relation to instruments executed on or after 1st October 1999, subject to paragraph 2.\n2.The repeals do not have effect in relation to transfers or other instruments relating to units under a unit trust scheme.\nThis does not affect their operation in relation to—\n(a) conveyances or transfers 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; and\n(b) bearer instruments constituting, or used for transferring, units under a unit trust scheme.\nChapter\nShort title\nExtent of repeal\n1933 c. 19.\nThe Finance Act 1933.\nIn section 42, the words “and subsection (1) of section 15”.\n1933 c. 28 (N.I.).\nThe Finance Act (Northern Ireland) 1933.\nIn section 2, the words “and subsection (1) of section fifteen”.\n1965 c. 25.\nThe Finance Act 1965.\nSection 91.\n1965 c. 16 (N.I.).\nThe Finance Act (Northern Ireland) 1965.\nSection 5.\n1984 c. 43.\nThe Finance Act 1984.\nSection 111(4).\n1986 c. 41.\nThe Finance Act 1986.\nSection 69(5).\nSection 72(3).\n(2)\nStamp duty: charging provisions and rates of duty\n1.These repeals have effect in relation to instruments executed, or bearer instruments issued, on or after 1st October 1999, subject to paragraph 2.\n2.The repeals do not have effect in relation to transfers or other instruments relating to units under a unit trust scheme.\nThis does not affect their operation in relation to—\n(a) conveyances or transfers 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; and\n(b) bearer instruments constituting, or used for transferring, units under a unit trust scheme.\nChapter\nShort title\nExtent of repeal\n1891 c. 39.\nThe Stamp Act 1891.\nSection 1.\nSection 54.\nSection 59.\nSection 62.\nSections 72 and 73.\nSection 75.\nSection 77(5).\nSchedule 1.\n1902 c. 7.\nThe Finance Act 1902.\nSection 9.\n1903 c. 46.\nThe Revenue Act 1903.\nSection 7.\n1949 c. 47.\nThe Finance Act 1949.\nSection 35.\nSchedule 8.\n1949 c. 15 (N.I.).\nThe Finance Act (Northern Ireland) 1949.\nSection 35.\nSchedule 2.\n1958 c. 56.\nThe Finance Act 1958.\nSection 34(4).\n1958 c. 14 (N.I.).\nThe Finance Act (Northern Ireland) 1958.\nSection 7(4).\n1963 c. 25.\nThe Finance Act 1963.\nSections 55 to 63.\nSection 65(1).\n1963 c. 22 (N.I.).\nThe Finance Act (Northern Ireland) 1963.\nSections 4 to 12.\nSection 14(1).\n1967 c. 54.\nThe Finance Act 1967.\nSection 30.\n1967 c. 20 (N.I.).\nThe Finance Act (Northern Ireland) 1967.\nSection 7.\n1970 c. 24.\nThe Finance Act 1970.\nSection 32.\nSchedule 7.\n1970 c. 21 (N.I.).\nThe Finance Act (Northern Ireland) 1970.\nSection 6.\nSchedule 2.\n1971 c. 68.\nThe Finance Act 1971.\nSection 64.\n1971 c. 27 (N.I.).\nThe Finance Act (Northern Ireland) 1971.\nSection 5(1) and (3).\n1972 c. 41.\nThe Finance Act 1972.\nSection 126.\n1974 c. 30.\nThe Finance Act 1974.\nSection 49.\nSection 57(3)(d).\nSchedule 11.\n1976 c. 40.\nThe Finance Act 1976.\nIn Part VI of Schedule 15, the provision amending section 33(1) of the Finance Act 1970.\n1980 c. 48.\nThe Finance Act 1980.\nSection 95.\n1982 c. 39.\nThe Finance Act 1982.\nSection 128.\n1984 c. 43.\nThe Finance Act 1984.\nSection 109.\nSection 111(1).\n1986 c. 41.\nThe Finance Act 1986.\nSections 64 and 65.\nSection 78(1) to (6), (8) and (10) to (14).\nIn section 79—\n(a) subsection (1);\n(b) subsections (9) to (11); and\n(c) in subsection (12), the words “(10) and (14)”.\nSection 80.\n1987 c. 16.\nThe Finance Act 1987.\nSection 49.\nSection 50(4) and (5).\nSection 51.\n1988 c. 39.\nThe Finance Act 1988.\nSections 140 and 141.\n1989 c. 26.\nThe Finance Act 1989.\nSection 173.\n1991 c. 31.\nThe Finance Act 1991.\nSection 115.\n1992 c. 2.\nThe Stamp Duty (Temporary Provisions) Act 1992.\nThe whole Act.\n1993 c. 34.\nThe Finance Act 1993.\nSection 201.\n1994 c. 9.\nThe Finance Act 1994.\nSection 241(3) to (5).\n1996 c. 8.\nThe Finance Act 1996.\nSection 188(2).\nIn Schedule 40, paragraph 2.\n1997 c. 58.\nThe Finance (No. 2) Act 1997.\nSection 49.\n1998 c. 36.\nThe Finance Act 1998.\nSection 149.\n1999 c. 16.\nThe Finance Act 1999.\nSection 111.\n(3)\nStamp duty: penalties other than on late stamping\nThese repeals have effect in relation to things done or omitted on or after 1st October 1999.\nChapter\nShort title\nExtent of repeal\n1891 c. 38.\nThe Stamp Duties Management Act 1891.\nIn section 13, the words from “shall be guilty of felony” to the end.\nSection 26.\n1891 c. 39.\nThe Stamp Act 1891.\nSection 121.\n1898 c. 46.\nThe Revenue Act 1898.\nSection 7(5).\n1986 c. 41.\nThe Finance Act 1986.\nSection 68(6).\nSection 71(6).\n(4)\nStamp duty: obsolete enactments\nThese repeals come into force on 1st October 1999.\nChapter\nShort title\nExtent of repeal\n1891 c. 38.\nThe Stamp Duties Management Act 1891.\nSections 2(2) and (3).\nSections 3 to 6.\nSection 8.\nSection 9(2) and (3).\nIn section 11, the words from “deducting therefrom” to the end.\nSection 12.\nSections 17 to 20.\nSection 25.\n(5)\nStamp duty: unit trusts\n1.These repeals have effect in relation to instruments executed on or after 6th February 2000.\n2.The repeals of section 57(1A) and (1B) of the Finance Act 1946 and section 28(1A) and (1B) of the Finance (No.2) Act (Northern Ireland) 1946 have effect subject to paragraph 17(4) of Schedule 19 (saving for existing regulations).\nChapter\nShort title\nExtent of repeal\n1946 c. 64.\nThe Finance Act 1946.\nSections 54 to 57.\n1946 c. 17 (N.I.).\nThe Finance (No. 2) Act (Northern Ireland) 1946.\nSections 25 to 28.\n1963 c. 18.\nThe Stock Transfer Act 1963.\nIn section 2(3)(a), the words “and section 56(4) of the Finance Act 1946”.\n1963 c. 24 (N.I.).\nThe Stock Transfer Act (Northern Ireland) 1963.\nIn section 2(3)(a), the words “and section 27(4) of the Finance (No. 2) Act (Northern Ireland) 1946”.\n1963 c. 25.\nThe Finance Act 1963.\nSection 65(2).\n1963 c. 22 (N.I.).\nThe Finance Act (Northern Ireland) 1963.\nSection 14(2).\n1980 c. 48.\nThe Finance Act 1980.\nSection 101.\n1981 c. 35.\nThe Finance Act 1981.\nSection 110.\n1986 c. 41.\nThe Finance Act 1986.\nSection 90(2).\n1988 c. 39.\nThe Finance Act 1988.\nSection 144(3).\nIn Schedule 13, paragraph 21.\n1989 c. 26.\nThe Finance Act 1989.\nSection 174.\n1990 c. 29.\nThe Finance Act 1990.\nIn section 109—\n(a) subsection (2)(c) and (d);\n(b) subsection (6)(a) and (b); and\n(c) subsection (9).\nSection 113(4).\n1992 c. 41.\nThe Charities Act 1992.\nIn Schedule 6, paragraph 2.\n1993 c. 10.\nThe Charities Act 1993.\nIn Schedule 6, paragraph 5.\n1999 c. 16.\nThe Finance Act 1999.\nIn Schedule 17, paragraphs 4 and 5.\n(6)\nRepeals having effect on abolition date\nThese repeals have effect—\n(a) so far as they relate to stamp duty on bearer instruments, in accordance with section 107 of the Finance Act 1990;\n(b) so far as they relate to stamp duty on instruments other than bearer instruments, in accordance with section 108 of that Act;\n(c) so far as they relate to stamp duty reserve tax, in accordance with section 110 of that Act.\nChapter\nShort title\nExtent of repeal\n1999 c. 16.\nThe Finance Act 1999.\nSection 113.\nSections 116 to 121.\nIn section 123(1) and (2), paragraph (b) and the word “and” immediately preceding it.\nIn Schedule 13—\n(a) paragraph 3;\n(b) in paragraph 4, the words “in the case of any other conveyance or transfer on sale”;\n(c) paragraph 7(1)(b)(ii) to (iv);\n(d) paragraph 24(a)... and (d).\nIn Schedule 14, paragraphs 5, 8, 12, 13, 16 to 21 and 23.\nSchedule 15.\nIn Schedule 16, paragraphs 2 to 11.\nIn Schedule 17, paragraphs 6 to 8.\nIn Schedule 19—\n(a) Parts I to III;\n(b) in Part IV, the words “and the enactments relating to stamp duty reserve tax” in paragraphs 14(1), 15, 16, 17(1) and 18(1).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in Sch. 20 Pt. 5(6) omitted (19.7.2011) by virtue of Finance Act 2011 (c. 11), Sch. 26 para. 7(2)(b)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 20 Pt. V in force at Royal Assent except for repeals in (4) which come into force on 1.10.1999"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/V",
    "retrieved_at": "2026-10-29T09:21:57.430446+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."
}