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Finance Act 1987

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Status:

Point in time view as at 27/07/1999. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Finance Act 1987, Section 55. Help about Changes to Legislation

55 Crown exemption.U.K.

(1)Where any conveyance, transfer or lease is made or agreed to be made to a Minister of the Crown or to the Solicitor for the affairs of Her Majesty’s Treasury, [F1or to the National Assembly for Wales,]no stamp duty shall be chargeable [F2under Part I or II, or paragraph 16, of Schedule 13 to the Finance Act 1999] on the instrument by which the conveyance, transfer or lease, or the agreement for it, is effected.

(2)In this section “Minister of the Crown” has the same meaning as in the Ministers of the M1Crown Act 1975.

(3)Article 3(6) of the Secretary of State for the M2Environment Order 1970 and Article 4(5) of the M3Secretary of State for Transport Order 1976 (which excempt transfers by, to or with those Ministers) shall cease to have effect.

(4)This section applies to instruments executed on or after 1st August 1987.

Textual Amendments

F2Words in s. 55(1) substituted for the words “by virtue of any of the following headings”to “Lease of Tack” (27.7.1999) by 1999 c. 16, s. 139, Sch. 14 para. 22

Modifications etc. (not altering text)

C1S. 55 extended (20.5.1999) by c. 46, s. 123 (with s. 126(3)-(11)); S.I. 1998/3178, art. 2(2), Sch. 4

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