Part IV Stamp duty and Stamp duty reserve tax
Stamp duty
127 Company acquisition reliefs: redeemable shares.
1
Amend section 75 of the M1Finance Act 1986 (acquisitions: reliefs) in accordance with subsections (2) and (3).
2
In subsection (4), in paragraph (a) (which requires that the consideration for the acquisition consists of or includes the issue of shares) after “the issue of" insert “
non-redeemable
”
.
3
In subsection (4), after paragraph (b) add—
In paragraph (a) above, “non-redeemable shares” means shares which are not redeemable shares.
F14
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5
This section has effect in relation to instruments executed after the day on which this Act is passed.