Finance Act 1986
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7.—(1) The Finance Act 1986(1) is amended as follows.
(2) In section 80D(9)(e) (repurchases and stock lending: replacement stock on insolvency)(2) before “presentation of a bankruptcy petition” insert “making of a bankruptcy application or”.
(3) In section 89AB(9)(e) (stamp duty reserve tax: exception for repurchases and stock lending in case of insolvency)(3) before “presentation of a bankruptcy petition” insert “making of a bankruptcy application or”.
(1)
(2)
Section 80D was inserted by the Finance Act 2009 (c.10) Schedule 37, Part 1, paragraph 2.
(3)
Section 89AB was inserted by the Finance Act 2009 (c.10) Schedule 37, Part 1, paragraph 5.