Print Options
PrintThe Whole
Act
PrintThis
Part
only
Changes over time for:
Part 3
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 17/07/2012
Status:
Point in time view as at 10/07/2008.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 2005,
Part 3
.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Part 3 U.K.Stamp taxes
Stamp duty land taxU.K.
94Alternative property financeU.K.
Schedule 8 (which makes amendments of Part 4 of FA 2003 relating to alternative property finance) has effect.
Stamp duty land tax and stamp dutyU.K.
95Raising of thresholdsU.K.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
96Removal of disadvantaged areas relief for non-residential propertyU.K.
Schedule 9 (which provides for the removal, in relation to non-residential property, of relief from stamp duty land tax and stamp duty for land in disadvantaged areas) has effect.
Stamp duty and stamp duty reserve taxU.K.
97Demutualisation of insurance companiesU.K.
(1)Section 90 of FA 1986 (other exceptions to the principal charge to stamp duty reserve tax under section 87 of that Act) is amended as follows.
(2)In subsection (1A) (section 87 not to apply to agreement to transfer unit under unit trust scheme if instrument giving effect to agreement would be exempt from stamp duty by virtue of provision in paragraph (a) or (b)) after paragraph (b) insert “, or
(c)section 96 of the Finance Act 1997 (demutualisation of insurance companies).”.
(3)Schedule 19 to FA 1999 (stamp duty and stamp duty reserve tax: unit trusts) is amended as follows.
(4)In paragraph 6 (exclusion, in certain cases of change of ownership, of charge to stamp duty reserve tax on surrender of unit to managers) in sub-paragraph (5) (provisions under which certain instruments would be exempt from stamp duty) after paragraph (b) insert “; and
(c)section 96 of the Finance Act 1997 (demutualisation of insurance companies).”.
(5)The amendment in subsection (2) applies where the relevant day for the purposes of section 87 of FA 1986 falls on or after the day on which this Act is passed.
(6)The amendment in subsection (4) applies in relation to surrenders (within the meaning of Part 2 of Schedule 19 to FA 1999) occurring on or after the day on which this Act is passed.
Back to top