125 Abolition of stamp duty except on instruments relating to stock or marketable securities
Finance Act 2003 (2003 c 14) | Legislation

Part 5 Stamp Duty

125  Abolition of stamp duty except on instruments relating to stock or marketable securities

(1)     Stamp duty is chargeable under Schedule 13 of the Finance Act 1999 (c 16) only on instruments relating to stock or marketable securities.

(2)     Section 12 of the Finance Act 1895 (c 16) (collection of stamp duty in cases of property vested by Act or purchased under statutory powers) does not apply to property other than stock or marketable securities.

(3)     This section shall be construed as one with the Stamp Act 1891 (c 39).

(4)     Part 1 of Schedule 20 to this Act contains

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Standard of care in professional negligence claims

Standard of care in professional negligence claimsThis Practice Note considers the standard of care in professional negligence claims, originally formulated in Bolam v Friern Hospital as being that of reasonable skill and care but now reconsidered following Montgomery v Lanarkshire Health. It

LEXISNEXIS

Subrogation in insurance and reinsurance

Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation entitles an insurer or reinsurer, having indemnified the (re)insured, to ‘step into its shoes’ to bring an action in the (re)insured’s name. For the purpose

LEXISNEXIS

Escrow accounts and escrow agreements

Escrow accounts and escrow agreementsThis Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or escrow deed) to set up an escrow account. It looks at the benefits of paying funds into escrow, how an escrow account operates and the provisions

LEXISNEXIS

Carriage of goods by sea—the Hague-Visby Rules

Carriage of goods by sea—the Hague-Visby RulesThis Practice Note explains the Hague-Visby Rules (the Rules) which are an international convention enacted into English law by the Carriage of Goods by Sea Act 1971 (CGSA 1971) whose purpose is to regulate some of the most important rights and