Finance Act 1996 (c. 8)

Part VI Stamp Duty and Stamp Duty Reserve Tax

Stamp duty reserve tax

195 Regulations concerning administration: sub-delegation to the Board

In section 98 of the [1986 c. 41.] Finance Act 1986 (Treasury regulations with respect to administration etc) after subsection (1) there shall be inserted—

“(1A) The power conferred on the Treasury by subsection (1) above includes power to make provision conferring or imposing on the Board functions which involve the exercise of a discretion.”