SCHEDULES

SCHEDULE 32Stamp duty: abolition of fixed duty on certain instruments

Part 2Consequential provisions and saving

Saving for certain land transactions

22

(1)

The following provisions of this Schedule do not have effect in relation to an instrument effecting a land transaction or a duplicate or counterpart of such an instrument—

(a)

paragraphs 1 to 3,

(b)

paragraph 10,

(c)

paragraph 12,

(d)

paragraph 18, and

(e)

the repeal of paragraphs 10(b) and 11(b) of Schedule 14 to FA 1999.

(2)

In sub-paragraph (1) “land transaction” has the same meaning as in Part 4 of FA 2003, except that it does not include a transfer of an interest in a property-investment partnership (within the meaning of Schedule 15 of that Act).