Part IVU.K. Stamp Duties

Reduction of dutiesU.K.

56 Reduced duty on leases.U.K.

(1), (2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

(3)For the purposes of the said heading a lease granted for a fixed term and thereafter until determined shall be treated as a lease for a definite term equal to the fixed term together with such further period as must elapse before the earliest date at which the lease can be determined; and section 75 of the said Act of 1891 (agreements for leases) shall be construed accordingly.

(4)Section 76, subsections (3) and (4) of section 77 and section 78 of the said Act of 1891 shall cease to have effect.

Textual Amendments

Modifications etc. (not altering text)

C1The “said heading” means the heading “Lease or Tack” in Stamp Act 1891 (c. 39), Sch. 1

C2The text of ss. 56(4), 59(5), 68, 73(9) is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.