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.