Finance Act 1986

64 Stock or marketable securities: reduction of rate.U.K.

F1(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)Accordingly—

(a)in subsection (1) of each of those sections for the words “(2) and” there shall be substituted the words “(1A) to”;

(b)in subsection (2) of each of those sections for the words from “under” to “by reference to that heading” there shall be substituted the words “by reference to the heading mentioned in subsection (1) above.”

(3)This section applies to any instrument executed in pursuance of a contract made on or after the day on which the rule of The Stock Exchange that prohibits a person from carrying on business as both a broker and a jobber is abolished.

Textual Amendments