114 Abolition of SDRT on certain dealings in collective investment schemes
Finance Act 2014 (2014 c 26) | Legislation

Stamp duty reserve tax and stamp duty

114  Abolition of SDRT on certain dealings in collective investment schemes

(1)     Part 2 of Schedule 19 to FA 1999 (which provides for a charge to stamp duty reserve tax on certain dealings with units in unit trusts) is omitted.

(2)     In section 90(1B) of FA 1986 (exception to charge to stamp duty reserve tax on certain agreements to transfer property from a unit trust)—

(a)     after “unit trust scheme” insert “if the unit holder is

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