Finance Act 2000 (c. 17)

Part IV U.K. Stamp duty and Stamp duty reserve tax

Stamp duty U.K.

127 Company acquisition reliefs: redeemable shares. U.K.

(1) Amend section 75 of the M1 Finance 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.”.

F1 (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5) This section has effect in relation to instruments executed after the day on which this Act is passed.

Textual Amendments

F1 S. 127(4) omitted (with effect in accordance with Sch. 39 para. 10(1) of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 39 para. 5(2)(c) (with Sch. 39 paras. 11-13)

Marginal Citations

M1 1986 c. 41.