Finance Act 1999 (c. 16)

SCHEDULES

SCHEDULE 19 U.K. Stamp duty and stamp duty reserve tax: unit trusts

Part IV U.K. General definitions

Schemes not treated as unit trust schemes U.K.

15 U.K. References in the enactments relating to stamp duty and the enactments relating to stamp duty reserve tax to a unit trust scheme do not include—

(a) a common investment scheme under section 22 of the M1 Charities Act 1960, section 25 of the M2 Charities Act (Northern Ireland) 1964 [F1 , section 24 of the Charities Act 1993 or section 96 of the Charities Act 2011,]

(b) a common deposit scheme under section 22A of the Charities Act 1960 [F2 , section 25 of the Charities Act 1993 or section 100 of the Charities Act 2011], or

(c) a unit trust scheme the units in which are under the terms of the trust instrument required to be held only by bodies of persons established for charitable purposes only or trustees of trusts so established.

Textual Amendments

F1 Words in Sch. 19 para. 15(a) substituted (14.3.2012) by Charities Act 2011 (c. 25), s. 355, Sch. 7 para. 81(a) (with s. 20(2), Sch. 8)

F2 Words in Sch. 19 para. 15(b) substituted (14.3.2012) by Charities Act 2011 (c. 25), s. 355, Sch. 7 para. 81(b) (with s. 20(2), Sch. 8)

Marginal Citations

M1 1960 c.58.

M2 1964 c.33(N.I.).