Part XII Supplementary Provisions
Taxation provisions
418 Stamp duty: instruments under London Regional Transport Act 1984.
1
Section 64 of the M1London Regional Transport Act 1984 (stamp duty) shall be amended as follows.
2
In subsection (7)(a) (which, among other things, provides an exemption in relation to transfers in pursuance of a scheme made under section 9(6) in compliance with a direction of the Secretary of State under section 10)—
a
after “or to a transfer made in pursuance of” there shall be inserted “
, or otherwise in connection with,
”
;
b
after “section 9(6) of this Act” there shall be inserted “
(i)
”
; and
c
after “under section 10 of this Act; or” there shall be inserted—
ii
in preparation for, or in pursuance of, a PPP agreement, within the meaning of Chapter VII of Part IV of the Greater London Authority Act 1999, or a contract falling within paragraph 6(2) of Schedule 33 to that Act; or
3
After subsection (7) there shall be inserted—
7A
Any reference in subsection (7)(a) above to a transfer includes—
a
a reference to an agreement for a lease or underlease; and
b
a reference to the grant of a lease or underlease.