SCHEDULES
C3C4SCHEDULE 13 Stamp duty: instruments chargeable and rates of duty
Sch. 13 excluded (with effect in accordance with Sch. 24 para. 12(4) of the amending Act) by Finance Act 2014 (c. 26), Sch. 24 para. 5
C1C2 Part I Conveyance or transfer on sale
Sch. 13 Pt. I excluded (28.7.2000 with effect as mentioned in s. 130(10) of the amending Act) by 2000 c. 17, s. 130(1)(10)
Sch. 13 Pt. I modified (retrospective to 28.3.2000 and with effect as mentioned in s. 118(10)(11) of the amending Act) by 2000 c. 17, s. 118 (with s. 118(9))
Sch. 13 Pt. I modified (retrospective to 28.3.2000 and with effect as mentioned in s. 119(11)(12) of the amending Act) by 2000 c. 17, s. 119 (with s. 120)
Sch. 13 Pt. I modified (retrospective to 28.3.2000 and with effect as mentioned in s. 122(8)(9) of the amending Act) by 2000 c. 17, s. 122
Sch. 13 Pt. I amended (11.5.2001 with effect as mentioned in s. 92(8) of the amending Act) by 2001 c. 9, s. 92, Sch. 30 para. 1(1); S.I. 2001/3748, art. 2
Sch. 13 Pt. I excluded (11.5.2001 with effect as mentioned in s. 92(8) of the amending Act) by 2001 c. 9, s. 92(1); S.I. 2001/3748, art. 2
Charge
1
1
Stamp duty is chargeable on a conveyance or transfer on sale.
2
For this purpose “F1transfer on sale” includes every instrument, and every decree or order of a court or commissioners, by which any property, or any estate or interest in property, is, on being sold, transferred to or vested in the purchaser or another person on behalf of or at the direction of the purchaser.
F23
Sub-paragraph (1) is subject to sub-paragraphs F6(3A) to (6).
F73A
Stamp duty is not chargeable under sub-paragraph (1) on a transfer of stock or marketable securities where—
a
the amount or value of the consideration for the sale is £1,000 or under, and
b
the instrument is certified at £1,000.
4
5
6
This sub-paragraph applies to any instrument for the sale or transfer of any of the shares by the company, other than an instrument which, in the absence of sub-paragraph (5), would be an instrument in relation to which—
a
section 67(2) of the Finance Act 1986 (transfer to person whose business is issuing depositary receipts etc), or
b
section 70(2) of that Act (transfer to person who provides clearance services etc),
applied.
Sch. 13 restricted (10.7.2003) by Finance Act 2003 (c. 14), s. 125(1) (with s. 125(8))