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Finance Act 2003

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Changes over time for: Cross Heading: Credit for ad valorem stamp duty paid

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Point in time view as at 22/07/2004.

Changes to legislation:

Finance Act 2003, Cross Heading: Credit for ad valorem stamp duty paid is up to date with all changes known to be in force on or before 26 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Credit for ad valorem stamp duty paidU.K.

5(1)Where a transaction chargeable to stamp duty land tax is effected in pursuance of a contract entered into before the implementation date, any ad valorem stamp duty paid on the contract shall go to reduce the amount of tax payable (but not so as to give rise to any repayment).U.K.

(2)Where the application or operation of any exemption or relief from stamp duty land tax turns on whether tax was paid or payable in respect of an earlier transaction, that requirement is treated as met if ad valorem stamp duty was paid or (as the case may be) payable in respect of the instrument by which that transaction was effected.

Commencement Information

I1Sch. 19 wholly in force at Royal Assent subject to Sch. 19, see s. 124, Sch. 19 para. 1(1)

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