- Latest available (Revised)
- Point in Time (01/09/1993)
- Original (As enacted)
Finance Act 1991
You are here:
- UK Public General Acts
- 1991 c. 31
- Part IV
- Section 110
What Version
Advanced Features
- Show Geographical Extent(e.g. England, Wales, Scotland and Northern Ireland)
- Show Timeline of Changes
Opening Options
More Resources
Changes over time for: Section 110
Version Superseded: 03/05/1994
Alternative versions:
- 25/07/1991- Amendment
- 01/09/1993
Point in time - 03/05/1994- Amendment
- 01/01/1997- Amendment
- 27/07/1999- Amendment
Status:
Point in time view as at 01/09/1993. This version of this provision has been superseded.
Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 1991, Section 110.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
110 Stamp duty abolished in certain cases.U.K.
(1)This section applies where—
(a)apart from this section stamp duty under any of the headings mentioned in subsection (3) below would be chargeable on an instrument to which this section applies, and
(b)the condition mentioned in subsection (4) below is fulfilled.
(2)In such a case stamp duty under the heading concerned shall not be chargeable on the instrument.
(3)The headings are the following headings in Schedule 1 to the M1Stamp Act 1891—
(a)the heading “conveyance or transfer on sale;
(b)the heading “conveyance or transfer of any kind not hereinbefore described;
(c)the heading beginning “declaration of any use or trust;
(d)the heading beginning “disposition in Scotland of any property;
(e)the heading “exchange or excambion;
(f)the heading “partition or division;
(g)the heading “release or renunciation of any property, or of any right or interest in any property;
(h)the heading “surrender.
(4)The condition is that the property concerned consists entirely of exempt property; and as regards the heading “exchange or excambion the reference here to the property concerned is to all property subject to any part of the exchange.
(5)For the purposes of this section exempt property is property other than—
(a)land,
(b)an interest in the proceeds of the sale of land held on trust for sale, or
(c)a licence to occupy land.
(6)This section applies to—
(a)an instrument executed in pursuance of a contract made on or after the abolition day;
(b)an instrument which is not executed in pursuance of a contract and is executed on or after the abolition day.
(7)For the purposes of this section the abolition day is such day as may be appointed under section 111(1) of the M2Finance Act 1990 (abolition of stamp duty for securities etc).
Options/Help
Print Options
PrintThe Whole Act
PrintThe Whole Part
PrintThis Section only
You have chosen to open The Whole Act
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open The Whole Act as a PDF
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
You have chosen to open the Whole Act
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open Schedules only
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
See additional information alongside the content
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Opening Options
Different options to open legislation in order to view more content on screen at once
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.