- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (14/08/2002)
- Gwreiddiol (Fel y'i Deddfwyd)
Point in time view as at 14/08/2002.
There are currently no known outstanding effects for the Finance Act 1965.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Textual Amendments
F1S. 1 repealed by Finance Act 1969 (c. 32), s. 61(6), Sch. 21 Pt. I
Textual Amendments
F2S. 2 repealed by European Communities Act 1972 (c. 68), s. 4, Sch. 3 Pt. I and Finance Act 1977 (c. 36), s. 59(5), Sch. 9 Pt. I
Textual Amendments
F3S. 3 repealed by Finance Act 1972 (c. 41), ss. 54(8), 134(7), Sch. 28 Pt. II
Textual Amendments
F4S. 4 repealed by Finance Act 1966 (c. 18), s. 53(7), Sch. 13 Pt. II
Textual Amendments
Textual Amendments
F6Ss. 6, 7 repealed by Vehicles (Excise) Act 1971 (c. 10), s. 39(5), Sch. 8 Pt. I
Textual Amendments
Textual Amendments
F8Pt. II (ss. 9–18) repealed by Income and Corporation Taxes Act 1970 (c. 10), ss. 538(1), 539(1), Sch. 16 and Finance Act 1971 (c. 68), ss. 56(3)(4), 69(7), Sch. 14 Pt. IV
Modifications etc. (not altering text)
C1Part III extended by Finance Act 1966 (c. 18), Sch. 10 Pt. I paras. 12, 13, Finance Act 1968 (c. 44), Sch. 12 para. 7, Finance Act 1969 (c. 32), Sch. 19 para. 15(1), Post Office Act 1969 (c. 48), s. 74(2), Income and Corporation Taxes Act 1970 (c. 10), ss. 278(3), 279(2), 525(2) and Finance Act 1973 (c. 51), s. 38(3); modified by Finance Act 1966 (c. 18), Sch. 10 Pt. I paras. 4, 13 and Finance Act 1968 (c. 44), Sch. 12 para. 4(1); applied with modification by Finance Act 1966 (c. 18), Sch. 10 Pt. I paras. 10, 13 and Income and Corporation Taxes Act 1970 (c. 10), s. 265(4); explained by Finance Act 1969 (c. 32), Sch. 19 para. 9, Income and Corporation Taxes Act 1970 (c. 10), s. 352(7) and Finance Act 1970 (c. 24), s. 16(4), Sch. 3 para. 8(1); restricted by Income and Corporation Taxes Act 1970 (c. 10), s. 273(1)
Textual Amendments
(1)–(11). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F10
(12)Schedule 10 to this Act (administration) shall have effect for the purposes of this Act.
Textual Amendments
Textual Amendments
F11Ss. 46–83 repealed (with savings for ss. 65, 74, 80(8)) by Income and Corporation Taxes Act 1970 (c. 10), ss. 537(1), 538(1), 539(1), Sch. 14 paras. 9(2)(c), 14(2)(a), 20, Sch. 16 (and ss. 80(8), 82(4) saved by Income and Corporation Taxes Act 1988 (c. 1), s. 844, Sch. 30 para. 6(2)(d)) and subject to an amendment of s. 69 by S.I. 1995/1916, reg. 3B, as inserted by reg. 4 of the same S.I.
Textual Amendments
F12S. 84 repealed by Income and Corporation Taxes Act 1988 (c. 1), s. 844, Sch. 31
Textual Amendments
F13S. 85 repealed (with savings by Income and Corporation Taxes Act 1988 (c. 1), s. 844, Sch. 30 para. 6(2)(e)) by Income and Corporation Taxes Act 1970 (c. 10), ss. 537(1), 538(1), 539(1), Schs. 14, 16
Textual Amendments
F14S. 86 repealed by Income and Corporation Taxes Act 1970 (c. 10), ss. 538(1), 539(1), Sch. 16
Textual Amendments
F15S. 87 repealed (3.5.1994) by 1994 c. 9, s. 258, Sch. 26 Pt. V (22)
Textual Amendments
F16S. 88 repealed (with savings) by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59, Sch. 13 Pt. I
Textual Amendments
F17S. 89 repealed (with savings) by Income and Corporation Taxes Act 1970 (c. 10), ss. 537(1), 538(1), 539(1), Schs. 14, 16
(1)Subject to the provisions of this section, any instrument whereby property is conveyed or transferred to any person in contemplation of a sale of that property shall be treated for the purposes of the M1Stamp Act 1891 as a conveyance or transfer on sale of that property for a consideration equal to the value of that property.
(2)If on a claim made to the Commissioners not later than two years after the making or execution of an instrument chargeable with duty in accordance with subsection (1) of this section, it is shown to their satisfaction—
(a)that the sale in contemplation of which the instrument was made or executed has not taken place and the property has been re-conveyed or re-transferred to the person from whom it was conveyed or transferred or to a person to whom his rights have been transmitted on death or bankruptcy; or
(b)that the sale has taken place for a consideration which is less than the value in respect of which duty was paid on the instrument by virtue of this section,
the Commissioners shall repay the duty paid by virtue of this section, in a case falling under paragraph (a) of this subsection, so far as it exceeds the stamp duty which would have been payable apart from this section and, in a case falling under paragraph (b) of this subsection, so far as it exceeds the stamp duty which would have been payable if the instrument had been stamped in accordance with subsection (1) of this section in respect of a value equal to the consideration in question:
. . . F18
(3)No instrument chargeable with duty in accordance with subsection (1) of this section shall be deemed to be duly stamped unless the Commissioners have been required to express their opinion thereon under section 12 of the said Act of 1891 and have expressed their opinion thereon in accordance with that section.
(4)The foregoing provisions of this section shall apply whether or not an instrument conveys or transfers other property in addition to the property in contemplation of the sale of which it is made or executed, but those provisions shall not affect the stamp duty chargeable on the instrument in respect of that other property.
(5)For the purposes . . . F19of subsection (1) of this section, the value of property conveyed or transferred by an instrument chargeable with duty in accordance with [F20that subsection] shall be determined without regard to—
(a)any power (whether or not contained in the instrument) on the exercise of which the property, or any part of or any interest in, the property, may be revested in the person from whom it was conveyed or transferred or in any person on his behalf;
(b)any annuity reserved out of the property or any part of it, or any life or other interest so reserved, being an interest which is subject to forfeiture;
but if on a claim made to the Commissioners not later than two years after the making or execution of the instrument it is shown to their satisfaction that any such power as is mentioned in paragraph (a) of this subsection has been exercised in relation to the property and the property or any property representing it has been re-conveyed or re-transferred in the whole or in part in consequence of that exercise the Commissioners shall repay the stamp duty paid by virtue of this subsection, in a case where the whole of such property has been so re-conveyed or re-transferred, so far as it exceeds the stamp duty which would have been payable apart from this subsection and, in any other case, so far as it exceeds the stamp duty which would have been payable if the instrument had operated to convey or transfer only such property as is not so re-conveyed or re-transferred.
(6)This section shall be construed as one with the said Act of 1891.
(7)This section shall come into force on 1st August 1965.
Textual Amendments
F18Proviso repealed by Finance Act 1985 (c. 54, SIF 114), s. 98(6), Sch. 27 Pt. IX(1)
F19Words repealed by Finance Act 1985 (c. 54, SIF 114), s. 98(6), Sch. 27 Pt. IX(1)
F20Words substituted by Finance Act 1985 (c. 54, SIF 114), s. 82(3)(6)(8)
Marginal Citations
Where under section 13(4) of the M2Stamp Act 1891 (appeals against assessment of stamp duty) a court orders any sum to be repaid by the Commissioners of Inland Revenue, the court may order it to be repaid with such interest as the court may determine.]
Textual Amendments
F21S. 91 repealed (27.7.1999 with effect as mentioned in Sch. 20 Pt. V(1) of the amending Act) by 1999 c. 16, s. 139, Sch. 20 Pt. V(1) Notes 1, 2
Marginal Citations
Textual Amendments
F22S. 92 repealed (1.5.2002 for E. and 14.8.2002 for W.) by 2000 c. 38, ss. 154(6), 274, Sch. 31 Pt. II and repealed (S.) (1.7.2002) by 2001 asp 2, s. 38(6); S.I. 2002/1014, art. 2(1), Sch. Pt. I; S.S.I. 2002/291, art. 2(a); S.I. 2002/2024, art. 2(b)
Textual Amendments
Textual Amendments
Textual Amendments
F25S. 95 repealed by Finance Act 1967 (c. 54), s. 45(8), Sch. 16 Pt. X
Textual Amendments
F26S. 96 repealed by Income and Corporation Taxes Act 1970 (c. 10), ss. 538(1), 539(1), Sch. 16
(1)This Act may be cited as the Finance Act 1965.
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F27
(3)Any reference in this Act to any other enactment shall, except so far as the context otherwise requires, be construed as a reference to that enactment as amended or applied by or under any other enactment, including this Act.
(4)Save as otherwise expressly provided, such of the provisions of this Act as relate to matters in respect of which the Parliament of Northern Ireland has power to make laws shall not extend to Northern Ireland.
(5)The enactments mentioned in Schedule 22 to this Act are hereby repealed to the extent mentioned in the third column of that Schedule, but subject to any provision in relation thereto made at the end of any part of that Schedule; and any such provision as to the date of operation of a repeal shall be without prejudice to any provision of this Act providing that any of the provisions repealed are to cease to have effect at an earlier date for all purposes or for certain specified purposes.
Textual Amendments
Modifications etc. (not altering text)
C2The text of s. 97(5) is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Pwynt Penodol mewn Amser: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Rhychwant ddaearyddol: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Dangos Llinell Amser Newidiadau: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:
liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys