
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Section 122


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 27/07/1999.
Changes to legislation:
Finance Act 1999, Section 122 is up to date with all changes known to be in force on or before 06 March 2025. 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.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
122 Stamp duty and stamp duty reserve tax: unit trusts.U.K.
(1)The following provisions of this Act (which apply generally to instruments executed on or after 1st October 1999)—
(a)section 109 and Schedule 12 (interest and penalties on late stamping),
(b)section 110 (interest on duty overpaid, etc.), and
(c)section 112 and Schedules 13 and 14 (general amendment of charging provisions),
do not apply to transfers or other instruments relating to units under a unit trust scheme.
(2)Subsection (1) does not affect the operation of those provisions in relation to stamp duty—
(a)on a conveyance or transfer on sale of property other than units under a unit trust scheme in relation to which such units form the whole or part of the consideration, or
(b)under Schedule 15 to this Act (bearer instruments).
(3)In subsections (1) and (2) “unit” and “unit trust scheme” have the same meaning as in Part VII of the Finance Act 1946 or Part III of the Finance (No.2) Act (Northern Ireland) 1946.
(4)Schedule 19 to this Act (stamp duty and stamp duty reserve tax: unit trusts) has effect.
This subsection and that Schedule come into force on 6th February 2000.
Modifications etc. (not altering text)
Marginal Citations
Back to top