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The Stamp Duty and Stamp Duty Reserve Tax (Extension of Exceptions relating to Recognised Exchanges) Regulations 2004

S.I. 2004/2421 · Made 15 September 2004

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 15th September 2004

Laid before the House of Commons 16th September 2004

Coming into force 12th October 2004

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

Annotations to the whole text

Footnotes

f1

2002 c. 23.

Contents

  1. 1Citation and commencement
  2. 2Extended application of provisions specified in section 117(2) of the Finance Act 2002
  3. Signature
  4. Explanatory note

1Citation and commencement

These Regulations may be cited as the Stamp Duty and Stamp Duty Reserve Tax (Extension of Exceptions relating to Recognised Exchanges) Regulations 2004 and shall come into force on 12th October 2004.

2Extended application of provisions specified in section 117(2) of the Finance Act 2002

The application of the provisions specified in section 117(2) of the Finance Act 2002 is extended to the market known as the Alternative Investment Market established under the rules of the London Stock Exchange plc.

Signature

Derek Twigg

John Heppell

Two of the Lords Commissioners of Her Majesty’s Treasury

15th September 2004

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 the Alternative Investment Market.

These Regulations do not impose new costs on business.