{
  "url": "https://openlegislation.uk/finance-act-2024/schedule-11/paragraph-2",
  "json_url": "https://openlegislation.uk/finance-act-2024/schedule-11/paragraph-2.json",
  "legislation": "ukpga/2024/3",
  "legislation_title": "Finance Act 2024",
  "legislation_url": "https://openlegislation.uk/finance-act-2024",
  "path": "schedule/11/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": "Stamp duty",
  "text": "In section 67 (stamp duty: depositary receipts)—\n(a) in the heading, at the end insert “1.5% charge”;\n(b) in subsection (1) omit “(other than a bearer instrument)”;\n(c) after that subsection insert—\n“(1A) For the purposes of subsection (1) “instrument” does not include—\n(a) a bearer instrument (see subsection (9A));\n(b) an exempt capital-raising instrument (see section 72ZA);\n(c) an exempt listing instrument (see section 72ZB).”;\n(d) after subsection (9) insert—\n“(9ZA) Where an instrument transfers shares in a company which are held by the company (whether in accordance with section 724 of the Companies Act 2006 (treasury shares) or otherwise), subsections (2) to (5) do not apply and stamp duty is not chargeable on the instrument.”",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2024/3/schedule/11/paragraph/2",
    "retrieved_at": "2026-10-29T08:48:28.960167+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."
}