No versions valid at: 19/03/1991
Point in time view as at 19/03/1991. This version of this provision is not valid for this point in time.
There are currently no known outstanding effects for the Finance Act 1991, Section 114.
Valid from 25/07/1991
(1)Section 36 of the M1Finance Act 1949 and section 9 of the M2Finance Act (Northern Ireland) 1949 shall be amended as mentioned in subsections (2) and (3) below.
(2)In subsection (4) of each of those sections (goods not affected by section 12 of the M3Finance Act 1895, which relates to duty on property acquired under statute) for the words “goods, wares or merchandise” (in each place where they occur) there shall be substituted the words “exempt property ”.
(3)In each of those sections the following subsection shall be inserted after subsection (4)—
“(5)In subsection (4) above “exempt property has the same meaning as in section 110 of the Finance Act 1991.”
(4)This section applies where the Act mentioned in section 12 of the Finance Act 1895, and by virtue of which property is vested or a person is authorised to purchase property, is passed on or after the abolition day.
(5)In this section “the abolition day has the same meaning as in section 110 above.
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