SCHEDULES

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

Part 2Consequential provisions and saving

22Saving for certain land transactions

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).