SCHEDULES
SCHEDULE 19 Stamp duty and stamp duty reserve tax: unit trusts
C1Part II Stamp duty reserve tax on dealings with units in unit trusts
Annotations:
Modifications etc. (not altering text)
Exclusion of charge in case of in specie redemption
7
There is no charge to tax under this Part of this Schedule if on the surrender of the unit the unit holder receives only such part of each description of asset in the trust property as is proportionate to, or as nearly as practicable proportionate to, the unit holder’s share.
Sch. 19 Pt. II excluded (11.5.2001 with effect as mentioned in s. 94(5) of the amending Act) by 2001 c. 9, s. 94(1)-(4)