Part VI Stamp duty and stamp duty reserve tax
Units in unit trusts
C1122 Stamp duty and stamp duty reserve tax: unit trusts.
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
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.