SCHEDULES

SCHEDULE 20 U.K.Stamp duty: restriction to instruments relating to stock or marketable securities

Part 2 U.K.Consequential amendments and repeals

Finance Act 1895 U.K.

4 U.K.In section 12 of the Finance Act 1895 (c. 16) (collection of stamp duty in cases of property vested by Act or purchased under statutory powers)—

(a) in paragraph (a) for “property is” substitute “ stock or marketable securities are ”;

(b) in paragraph (b) for “property” substitute “ stock or marketable securities ”;

(c) in the closing words for “conveyance”, in both places where that word occurs, substitute “ transfer ”.