Chwilio Deddfwriaeth

Finance Act 1958

 Help about what version

Pa Fersiwn

 Help about advanced features

Nodweddion Uwch

 Help about opening options

Dewisiadau AgorExpand opening options

Close

Print Options

Changes over time for: Finance Act 1958

 Help about opening options

Version Superseded: 02/02/1991

Status:

Point in time view as at 01/02/1991.

Changes to legislation:

There are currently no known outstanding effects for the Finance Act 1958. Help about Changes to Legislation

Legislation Crest

Finance Act 1958

1958 CHAPTER 56 6 and 7 Eliz 2

An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.

[1st August 1958]

Commencement Information

I1Act partly in force at Royal Assent, partly retrospective, see individual sections; all provisions so far as unrepealed wholly in force at 1.2.1991.

Finance Act 1958

1958 CHAPTER 56 6 and 7 Eliz 2

An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.

[1st August 1958]

Extent Information

E1For the extent of this Act see s. 40(4)

Parts I–VU.K.

1, 2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1U.K.

Textual Amendments

3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2U.K.

Textual Amendments

4, 5.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3U.K.

Textual Amendments

6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4U.K.

7–9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5U.K.

10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6U.K.

11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7U.K.

Textual Amendments

12–24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8U.K.

25–27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9U.K.

28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F10U.K.

Textual Amendments

29–33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F11U.K.

Part VIU.K. Stamp Duties

34 Conveyances on sale, etc.U.K.

(1)—(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F12

(4)References in this section to an instrument being certified at a particular amount mean that it contains a statement certifying that the transaction effected by the instrument does not form part of a larger transaction or series of transactions in respect of which the amount or value, or aggregate amount or value, of the consideration exceeds that amount; and for this purpose—

(a)any sale or contract or agreement for the sale of goods, wares or merchandise shall be disregarded in the case either—

(i)of an instrument chargeable under the said heading “Conveyance or Transfer on sale”, other than an actual conveyance or transfer of the goods, wares or merchandise (with or without other property); or

(ii)of an instrument chargeable by reference to that heading under section fifty-nine of the M1Stamp Act 1891 (which makes a contract or agreement for sale of certain property chargeable with duty as if it were an actual conveyance on sale); and

(b)any such statement as aforesaid shall be construed as leaving out of account any matter which in accordance with paragraph (a) of this subsection is to be disregarded.

(5)—(7) . . . F12

(8).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F13

(9), (10).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F14

35 Miscellaneous amendments.U.K.

(1)—(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F15

[F16(4)In section seventy-four of the Finance Act, 1952 (which relieves from stamp duty certain transfers of water undertakings and other property to joint boards or joint committees of local authorities, and certian conveyances and agreements for such transfers)—

(a)in paragraph (a) of subsection (1) (which relatews to transfers of water undertaking by order under the Water Act, 1945) after the words “by an order under the Water Act, 1945” there shall be inserted the words “or by or under any local Act of Parliament”, and for the words “to ajoint board or joint committee consisting exclusively of representatives of local authorities” there shall be substituted the words “any other water undertakers”;]

(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F17

[F16(c)in subsection (2) (which relates to contracts and agreements for transfers of water undertakings which are conditional on orders under the Water Act, 1945) after the words “an order under the Water Act,1945” there shall be inserted the words “or under any local Act of Parliament or on the passing of such an Act”.]

[F18(5)No stamp duty shall be chargeable under or by reference to the heading “Conveyance or Transfer on sale” in the First Schedule to the M2Stamp Act 1891, on any agreement made under section fourteen of the M3New Towns Act 1946, by a development corporation under that Act for the transfer of the whole or part of the water undertaking or sewerage undertaking of that corporation, or on any conveyance, agreement or assignment made, or instrument executed, solely for the purpose of giving effect to such a transfer.]

(6)This section shall have effect as from the beginning of August, nineteen hundred and fifty-eight.

Part VIIU.K. Miscellaneous

36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F19U.K.

Textual Amendments

37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F20U.K.

38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F21U.K.

Textual Amendments

39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F22U.K.

40 Short title, construction, extent and repeal.U.K.

(1)This Act may be cited as the Finance Act 1958.

(2)Parts I to VI of this Act shall be construed as one with the enactments mentioned in this subsection respectively, that is to say—

(a)—(e). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F23

(f)Part VI with the Stamp Act 1891.

(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)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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F24

F25F25SCHEDULE 1U.K.

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

Textual Amendments

F26F26SCHEDULE 2U.K.

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

Textual Amendments

F27F27SCHEDULE 3U.K.

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

F28F28SCHEDULE 4U.K.

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

Textual Amendments

F29F29SCHEDULE 5, 6U.K.

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

F30F30SCHEDULE 7U.K.

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

F31F31SCHEDULE 8U.K.

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

F32F32SCHEDULE 9U.K.

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

Yn ôl i’r brig

Options/Help