SCHEDULES
SCHEDULE 32Stamp duty: abolition of fixed duty on certain instruments
Part 2Consequential provisions and saving
FA 1986
14
(1)
Section 67 (stamp duty on certain transfers to depositary receipt systems) is amended as follows.
(2)
In subsection (1), after “instrument” insert “(other than a bearer instrument)”.
(3)
In subsection (3), for the words from the beginning to “then,” substitute
“In any other case—
(a)
stamp duty is chargeable on the instrument under this subsection, and
(b)
”.
(4)
After subsection (9) insert—
“(9A)
In this section “bearer instrument” has the meaning given in paragraph 3 of Schedule 15 to the Finance Act 1999.”