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Changes over time for: Paragraph 11


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 22/02/2024.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 2024, Paragraph 11.

Changes to Legislation
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Stamp duty reserve taxU.K.
11(1)Before section 96 (SDRT: clearance services) insert—
“Other charges: clearance services”.
(2)In section 96—
(a)in the heading, at the end insert “: 1.5% charge”;
(b)in subsection (1)—
(i)in the words before paragraph (a) omit “Subject to subsection (5) below and sections 97 and 97A below,”;
(ii)in paragraph (b) omit “or issued”;
(c)after that subsection insert—
“(1A)The following provisions contain exceptions to the charge to stamp duty reserve tax under this section—
(a)subsection (5) of this section (exception so far as stamp duty is chargeable);
(b)section 97 (general exceptions);
(c)section 97ZA (exception for replacement securities);
(d)section 97A (election for alternative system of charge);
(e)section 97AB (exempt capital-raising transfers);
(f)section 97AC (exempt listing transfers);
(g)section 97AD (exception for transfers of shares held by issuing company);
(h)section 97B (transfers between depositary receipt system and clearance system).”;
(d)in subsection (2) omit paragraph (a);
(e)omit subsection (8).
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