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The Stamp Duty and Stamp Duty Reserve Tax (Extension of Exceptions relating to Recognised Exchanges) Regulations 2002

S.I. 2002/1975 · Made 25 July 2002

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

TAXES

Made 25th July 2002

Laid before the House of Commons 25th July 2002

Coming into force 26th July 2002

The Treasury, in exercise of the powers conferred upon them by section 117(1) of the Finance Act 2002f1, hereby make the following Regulations:

Annotations to the whole text

Footnotes

f1

2002 c. 23.

Contents

  1. 1Regulation 1
  2. 2Regulation 2
  3. Signature
  4. Explanatory note

1

These Regulations may be cited as the Stamp Duty and Stamp Duty Reserve Tax (Extension of Exceptions relating to Recognised Exchanges) Regulations 2002 and shall come into force on 26th July 2002.

2

The application of the provisions specified in section 117(2) of the Finance Act 2002 is extended to the market known as OFEX.

Signature

Ian Pearson

Jim Fitzpatrick

Two of the Lords Commissioners of Her Majesty’s Treasury

25th July 2002

Explanatory note

(This note is not part of the Regulations)

These Regulations extend the stamp duty and stamp duty reserve tax exemptions for sales of stock to intermediaries and for repurchases and stock lending (sections 80A, 80C, 88A and 89AA of the Finance Act 1986 (c. 41)) to the market known as OFEX.