Finance Act 1928 (c. 17)

Finance Act 1928

1928 CHAPTER 17 18 and 19 Geo 5

An Act to grant certain duties of Customs and Inland Revenue (including Excise), to alter other duties, and to amend the law relating to Customs and Inland Revenue (including Excise) and the National Debt, and to make further provision in connection with finance.

[3rd August 1928]

Extent Information

E1 For the extent of this Act in relation to Northern Ireland see S. 35(5)

Commencement Information

I1 Act partly in force at Royal Assent, partly retrospective; all provisions so far as unrepealed wholly in force at 1.2.1991.

Parts I, II U.K.

1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1 U.K.

Textual Amendments

F1 S. 1 repealed by Finance Act 1929 (c. 21), Sch.

2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2 U.K.

Textual Amendments

F2 S. 2 repealed by Finance (No. 2) Act 1964 (c. 92), Sch. 4

3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3 U.K.

Textual Amendments

F3 S. 3 repealed by Customs and Excise Act 1952 (c. 44), Sch. 12 Pt. I

4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4 U.K.

Textual Amendments

F4 S. 4 repealed by Finance Act 1962 (c. 44), Sch. 11 Pt. I

5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5 U.K.

Textual Amendments

F5 S. 5 repealed by Statute Law Revision Act 1950 (c. 6)

6

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6

(2)-(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7

Textual Amendments

F6 S. 6(1) repealed by Finance (No. 2) Act 1975 (c. 45), Sch. 14 Pt. I

F7 S. 6(2)–(5) repealed by Customs and Excise Act 1952 (c. 44), Sch. 12 Pt. I

7,8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8 U.K.

Textual Amendments

F8 Ss. 7, 8 repealed by Finance Act 1938 (c. 46), Sch. 2

9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9 U.K.

Textual Amendments

F9 S. 9 repealed by Statute Law Revision Act 1950 (c. 6)

10, 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F10 U.K.

Textual Amendments

F10 Ss. 10, 11 repealed by Customs and Excise Act 1952 (c. 44), Sch. 12 Pt. I

12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F11 U.K.

Textual Amendments

F11 S. 12 repealed by Finance (No. 2) Act 1945 (9 & 10 Geo. 6 c. 13), Sch. 10

13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F12 U.K.

Textual Amendments

F12 S. 13 repealed by Finance Act 1933 (c. 19), Sch. 8

14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F13 U.K.

Textual Amendments

F13 S. 14 repealed by Finance Act 1929 (c. 21), Sch.

15—22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F14 U.K.

Textual Amendments

F14 Ss. 15–22 repealed by Income Tax Act 1952 (c. 10), Sch. 25

Part III U.K. Miscellaneous

23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F15 U.K.

Textual Amendments

F15 S. 23 repealed by Finance Act 1954 (c. 44), Sch. 6

24, 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F16 U.K.

Textual Amendments

F16 Ss. 24, 25 repealed by Statute Law Revision Act 1959 (c. 68)

26 Interest on Victory Bonds or Funding Loan held by National Debt Commissioners not to be paid. U.K.

F17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F17 S. 26 repealed by Statute Law (Repeals) Act 1986 (c. 12), s. 1(1), Sch. 1 Pt. III

27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F18 U.K.

Textual Amendments

F18 S. 27 repealed by Finance Act 1936 (c. 34), Sch. 3 Pt. II

28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F19 U.K.

Textual Amendments

F19 S. 28 repealed by Road Transport Lighting Act 1957 (c. 51), Sch.

29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F20 U.K.

Textual Amendments

F20 S. 29 repealed by National Debt Act 1958 (7 & 8 Eliz. 2 c. 6), Sch. 1

30 Exemption from income tax, estate duty and stamp duties in case of trust funds and gifts for reduction of National Debt. U.K.

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F21

(2)(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F22

(4) Any instrument by which any property is transferred to trustees to be held upon trust in accordance with directions which are valid and effective under the said section nine or by which any property is conveyed by way of absolute gift to the National Debt Commissioners to be applied by them in reduction of the National Debt shall be exempt from stamp duty.

Textual Amendments

F21 S. 30(1) repealed by Income Tax Act 1952 (c. 10), Sch. 25

F22 S. 30(2)(3) repealed with saving by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), Sch. 13 Pt. I

Modifications etc. (not altering text)

C1 “The said section nine” means Superannuation and other Trust Funds (Validation) Act 1927 (c. 41), s. 9

31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F23 U.K.

Textual Amendments

F23 S. 31 repealed by Finance Act 1986 (c.41, SIF 114), s. 114(6), Sch. 23 Pt. IX

32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F24 U.K.

Textual Amendments

F24 S. 32 repealed (1.8.1970) by Finance Act 1970 (c. 24), Sch. 8 Pt. IV

33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F25 U.K.

Textual Amendments

F25 S. 33 repealed by Finance Act 1963 (c. 25), Sch. 14 Pt. VI

34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F26 U.K.

Textual Amendments

F26 S. 34 repealed by Finance Act 1942 (c. 21), Sch. 11 Pt. III

35 †Construction, Short title, application and repeal. U.K.

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F27

(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F28

(3) Any reference in this Act to any enactment shall be construed as a reference to that enactment as amended by any subsequent enactment, including this Act.

(4) This Act may be cited as the Finance Act 1928.

(5) Such of the provisions of this Act as relate to matters with respect to which the Parliament of Northern Ireland has powers to make laws shall not extend to Northern Ireland.

(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F29

Textual Amendments

F27 S. 35(1) repealed by Statute Law (Repeals) Act 1986 (c.12), s. 1(1), Sch. 1 Pt. III

F28 S. 35(2) repealed by Statute Law Revision Act 1953 (c. 5)

F29 S. 35(6) repealed by Statute Law Revision Act 1950 (c. 6)

Modifications etc. (not altering text)

C2 Unreliable marginal note.

F30 F30 FIRST SCHEDULE U.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F30 Sch. 1 repealed by Customs and Excise Act 1952 (c. 44), Sch. 12 Pt. I

F31 F31 SECOND SCHEDULE U.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F31 Sch. 2 repealed by Finance Act 1962 (c. 44), Sch. 11 Pt. I

F32 F32 THIRD SCHEDULE U.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F32 Sch. 3 repealed by Finance (No. 2) Act 1945 (9 & 10 Geo. 6 c. 13), Sch. 10

F33 F33 FOURTH SCHEDULE U.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F33 Sch. 4 repealed by Income Tax Act 1952 (c. 10), Sch. 25

F34 F34 FIFTH SCHEDULE U.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F34 Sch. 5 repealed by Statute Law Revision Act 1950 (c. 6)