Greater London Authority Act 1999 (c. 29)

Part XII E+W+S Supplementary Provisions

Taxation provisions E+W+S

418 Stamp duty: instruments under London Regional Transport Act 1984. E+W+S

(1) Section 64 of the M1 London 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.”

Marginal Citations

M1 1984 c. 32.