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Finance Act 1986 is up to date with all changes known to be in force on or before 02 September 2024. There are changes that may be brought into force at a future date.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.
PART I Customs and Excise and Value Added Tax
Meaning of “exempt capital-raising instrument” and “exempt listing instrument”
Transfers between depositary receipt system and clearance system
Loan capital, letters of allotment etc.
80.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
80D.Repurchases and stock lending: replacement stock on insolvency
81.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
82.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
83.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part IV Stamp Duty Reserve Tax
1.Section 93 of the Customs and Excise Management Act 1979...
2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.The following shall be substituted for subsection (2)(g) (business records)—...
5.The following shall be inserted at the end of subsection...
6.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.The following shall be substituted for subsection (7) (interpretation)—
8.In consequence of the amendments made by the preceding provisions...
Extension to Northern Ireland of Provisions of Betting and Gaming Duties Act 1981
Licences Under the Customs and Excise Acts
SCHEDULES 7, 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULES 10–12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULES 13–:16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULE 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.After section there shall be inserted the following section— Potentially...
3.(1) In section 8 (indexation) in subsection (1) for the...
4.In section 9 (transitional provisions on reduction of tax) for...
5.In section 19 (annual exemption), after subsection (3) there shall...
6.After section 26 there shall be inserted the following section—...
7.In section 30 (conditionally exempt transfers) after subsection (3) there...
8.(1) In section 31 (designation and undertakings) after subsection (1)...
9.In section 32 (chargeable events) in subsection (1) after the...
10.In section 32A (associated properties) in subsection (2) after the...
12.In section 35 (conditional exemption on death before 7th April...
13.In section 38 (attribution of value to specific gifts) in...
15.In section 55 (reversionary interst acquired by beneficiary) at the...
16.(1) In section 66 (rate of ten-yearly charge) in subsection...
17.In section 67 (added property etc.) in subsections (3)(b) and...
18.(1) In section 68 (rate before first-year anniversary) in subsection...
19.(1) In section 78 (conditionally exempt occasions) in subsection (4)...
21.After section 113 there shall be inserted the following sections—...
22.After section 124 there shall be inserted the following sections—...
23.(1) In section 131 (relief in respect of additional tax...
24.In section 142 (alteration of dispositions taking effect on death)...
25.Sections 148 and 149 (exemptions for mutual transfers) shall not...
26.In section 199 (liability for tax etc. on dispositions by...
27.In section 201 (liability for tax in respect of settled...
28.(1) In section 204 (limitation of liability), subsection (4) shall...
29.(1) In section 216 (delivery of accounts) in subsection (1)...
30.(1) In section 226 (payment: general rules), in subsection (3)...
31.(1) In section 227 (payment by instalments) after subsection (1)...
32.In section 233 (interest on unpaid tax) in subsection (2)...
33.(1) In section 236 (application of section 233 in special...
34.In section 237 (imposition of charge) after subsection (3) there...
35.In section 239 (certificates of discharge) after subsection (2) there...
36.For Schedule 1 (rates of tax) there shall be substituted—...
37.(1) In Schedule 2 (provisions applying on reduction of tax),—...
38.(1) In Schedule 4 (maintenance funds for historic buildings etc.)...
39.In Schedule 6 (transition from estate duty) in paragraph 4(3)...
3.(1) In paragraph 2 (conditions for acceptance of an election)...
4.After paragraph 2 there shall be inserted the following paragraph—...
5.(1) In paragraph 3 (definition of “the relevant contract”in sub-paragraph...
6.After paragraph 3 there shall be inserted the following paragraph—...
7.After paragraph 6 there shall be inserted the following paragraph—...
8.(1) In paragraph 7 (acceptance or rejection of new price...
9.(1) In paragraph 8 (appeals) in sub-paragraph (1) after paragraph...
10.In paragraph 9 (returns)— (a) after “6(1)(b)” there shall be...
11.(1) In paragraph 11 (interpretation) sub-paragraph (1) shall be omitted....
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