SCHEDULES
SCHEDULE 32Stamp duty: abolition of fixed duty on certain instruments
Part 1Abolition of fixed duty
FA 1999
10
1
Schedule 13 (instruments chargeable to stamp duty and rates of duty) is amended as follows.
2
In paragraph 1(5)
(treasury shares), for the words from “any instrument” to the end substitute “
sub-paragraph (1) does not apply to any instrument to which sub-paragraph (6) applies.
”
3
In Part 3 (other instruments chargeable to stamp duty and rates of duty) omit—
a
paragraph 16 (fixed duty on transfer otherwise than on sale) and the heading before it,
b
paragraph 17 (fixed duty on declaration of use or trust) and the heading before it,
c
paragraph 18(2) (fixed duty on disposition of certain property in Scotland),
d
paragraph 19(1) (fixed duty on duplicate or counterpart),
e
paragraph 21(3) (fixed duty on partition or division),
f
paragraph 22 (fixed duty on release or renunciation) and the heading before it, and
g
paragraph 23 (fixed duty on surrender) and the heading before it.