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School Inspections Act 1996 (repealed)
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- 1996 c. 57
- Part III
- Financial provisions
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Changes over time for: Cross Heading: Financial provisions
Version Superseded: 01/10/1998
Alternative versions:
- 01/11/1996- Amendment
- 01/11/1996
Point in time - 01/10/1998- Amendment
- 01/09/2006- Amendment
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Point in time view as at 01/11/1996.
Changes to legislation:
School Inspections Act 1996 (repealed), Cross Heading: Financial provisions is up to date with all changes known to be in force on or before 30 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Financial provisionsE+W
43 Payment of fees into Consolidated Fund.E+W
Any sums received by the Chief Inspector under—
(a)section 7(4)(b), or
(b)paragraph 4(2) or 5(2) of Schedule 3,
shall be paid into the Consolidated Fund.
44 Stamp duty.E+W
(1)Subject to subsection (2) below, stamp duty shall not be chargeable in respect of—
(a)any transfer effected under section 39;
(b)any transfer—
(i)to a funding authority, or
(ii)to the governing body of a grant-maintained school,
by virtue of section 38(3); or
(c)any transfer to a local education authority by virtue of section 38(3) of property which immediately after the transfer is held by the authority for the purposes of—
(i)a county or voluntary school or maintained special school not established in a hospital, or
(ii)a new county school.
(2)No instrument (other than a statutory instrument) made or executed under or in pursuance of any of the provisions mentioned in subsection (1) shall be treated as duly stamped unless—
(a)it is stamped with the duty to which it would, but for this section (and, if applicable, section 129 of the M1Finance Act 1982), be liable, or
(b)it has, in accordance with the provisions of section 12 of the M2Stamp Duty Act 1891, been stamped with a particular stamp denoting that it is not chargeable with any duty or that it has been duly stamped.
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