SCHEDULES

SCHEDULE 24Abolition of stamp duty and SDRT: securities on recognised growth markets

PART 2Stamp duty

Charge on transfers of partnership interests

11

(1)

Schedule 15 to FA 2003 (SDLT: partnerships) is amended as follows.

(2)

In paragraph 31(1) (stamp duty on transfers of partnership interests: continued application), after “that section)” insert “ or in Schedule 24 to the Finance Act 2014 (abolition of stamp duty in relation to certain securities) ”.

(3)

In paragraph 33—

(a)

in sub-paragraph (1A), for “stock or marketable” substitute “ relevant ”,

(b)

in sub-paragraph (3), for “stock or marketable” substitute “ relevant ”,

(c)

in that sub-paragraph omit “that stock and” (in both places),

(d)

in sub-paragraph (6), for “stock or” (in each place) substitute “ relevant ”,

(e)

in sub-paragraph (7), for “stock or” (in both places) substitute “ relevant ”, and

(f)

after sub-paragraph (8) insert—

“(8A)

In this paragraph “relevant securities” means stock or marketable securities other than any stock or marketable securities admitted to trading on a recognised growth market but not listed on any market.”