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Finance Act 2003

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Changes over time for: Cross Heading: Reduction of stamp duty where instrument partly relating to stock or marketable securities

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Point in time view as at 10/07/2003.

Changes to legislation:

Finance Act 2003, Cross Heading: Reduction of stamp duty where instrument partly relating to stock or marketable securities is up to date with all changes known to be in force on or before 24 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Reduction of stamp duty where instrument partly relating to stock or marketable securitiesU.K.

1(1)This paragraph applies where stamp duty under Part 1 of Schedule 13 to the Finance Act 1999 (c. 16) (transfer on sale) is chargeable on an instrument that relates partly to stock or marketable securities and partly to property other than stock or marketable securities.U.K.

(2)In such a case—

(a)the consideration in respect of which duty would otherwise be charged shall be apportioned, on a just and reasonable basis, as between the stock or marketable securities and the other property, and

(b)the instrument shall be charged only in respect of the consideration attributed to the stock or marketable securities.

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