Part VI Stamp duty and stamp duty reserve tax

Supplementary provisions

123 Construction of this Part and other supplementary provisions.

1

This Part—

a

so far as it relates to stamp duty shall be construed as one with the M1Stamp Act 1891, and

b

so far as it relates to stamp duty reserve tax shall be construed as one with Part IV of the M2Finance Act 1986.

2

In this Part—

a

“the enactments relating to stamp duty” means the Stamp Act 1891 and any enactment amending or which is to be construed as one with that Act; and

b

“the enactments relating to stamp duty reserve tax” means Part IV of the M3Finance Act 1986 and any enactment amending or which is to be construed as one with that Part.

3

The following provisions of this Part shall cease to have effect on the day appointed under section 111(1) of the M4Finance Act 1990 (abolition of stamp duty for securities etc.)—

  • section 113;

  • sections 116 to 121;

  • subsections (1)(b) and (2)(b) of this section;

  • in Schedule 13—

    • paragraph 3,

    • in paragraph 4 the words “in the case of any other conveyance or transfer on sale”,

    • paragraph 7(1)(b)(ii) to (iv),

    • paragraph 24(a)F1... and (d);

  • in Schedule 14, paragraphs 5, 8, 12, 13, 16 to 21 and 23;

  • Schedule 15;

  • in Schedule 16, paragraphs 2 to 11;

  • in Schedule 17, paragraphs 6 to 8;

  • F2Parts I and III of Schedule 19;

  • in Part IV of that Schedule, the words “and the enactments relating to stamp duty reserve tax” in paragraphs 14(1), 15, 16, 17(1) and 18(1).

4

The amendment by this Part, or the repeal in consequence of this Part, of any enactment relating to stamp duty does not affect that enactment as applied for any purpose other than stamp duty.