SCHEDULES

SCHEDULE 33 Power to vary stamp duties

Power not to be used to vary rates or thresholds

3

The power conferred by paragraph 1 does not, except as mentioned in paragraph 1(2), include power to vary—

a

the rate, or rates, of an existingad valorem stamp duty,

b

the amount of an existing fixed stamp duty,

c

any threshold specified in paragraph 4 of Schedule 13 to the M1Finance Act 1999 (rate bands for conveyance or transfer on sale), or

d

any threshold specified in paragraph 11 or 12 of that Schedule (duty on leases) in respect of rent or the term of a lease.