Part IV Stamp duty and Stamp duty reserve tax

Stamp duty

115 Rates: duty on lease chargeable by reference to rent.

1

In Schedule 13 to the M1Finance Act 1999 (instruments chargeable and rates of duty), in Part II (lease)—

a

in paragraph 11, in paragraph 1 of the table, and

b

in paragraph 12(3), in paragraph 1(a) and (b) of the table,

for “£500" substitute “ £5,000 ”.

2

This section has effect in relation to instruments executed on or after 28th March 2000.

3

This section shall be deemed to have come into force on 28th March 2000.