Finance Act 1958
1958 c.56
An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.
Parts I–V
1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1
3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2
4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4
7–9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5
10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6
11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7
12–24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8
25–27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9
28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F10
29–33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F11
Part VI Stamp Duties
34 Conveyances on sale, etc.
1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F30
4
References in this section to an instrument being certified at a particular amount mean that it contains a statement certifying that the transaction effected by the instrument does not form part of a larger transaction or series of transactions in respect of which the amount or value, or aggregate amount or value, of the consideration exceeds that amount; and for this purpose—
F31a
any sale or contract or agreement for the sale of exempt property shall be disregarded; and
b
any such statement as aforesaid shall be construed as leaving out of account any matter which in accordance with paragraph (a) of this subsection is to be disregarded.
F324A
In subsection (4) above “exempt property” has the same meaning as in section 110 of the Finance Act 1991.
(5)—(7) . . . F30
8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F33
9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F34
35 Miscellaneous amendments.
1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F12
F134
In section seventy-four of the Finance Act, 1952 (which relieves from stamp duty certain transfers of water undertakings and other property to joint boards or joint committees of local authorities, and certian conveyances and agreements for such transfers)—
a
in paragraph (a) of subsection (1) (which relatews to transfers of water undertaking by order under the Water Act, 1945) after the words “by an order under the Water Act, 1945” there shall be inserted the words “or by or under any local Act of Parliament”, and for the words “to ajoint board or joint committee consisting exclusively of representatives of local authorities” there shall be substituted the words “any other water undertakers”;
b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F14
F13c
in subsection (2) (which relates to contracts and agreements for transfers of water undertakings which are conditional on orders under the Water Act, 1945) after the words “an order under the Water Act,1945” there shall be inserted the words “or under any local Act of Parliament or on the passing of such an Act”.
F155
No stamp duty shall be chargeable under or by reference to the heading “Conveyance or Transfer on sale” in the First Schedule to the M1Stamp Act 1891, on any agreement made under section fourteen of the M2New Towns Act 1946, by a development corporation under that Act for the transfer of the whole or part of the water undertaking or sewerage undertaking of that corporation, or on any conveyance, agreement or assignment made, or instrument executed, solely for the purpose of giving effect to such a transfer.
6
This section shall have effect as from the beginning of August, nineteen hundred and fifty-eight.
Part VII Miscellaneous
36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F16
37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F17
38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F18
39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F19
40 Short title, construction, extent and repeal.
1
This Act may be cited as the Finance Act 1958.
2
Parts I to VI of this Act shall be construed as one with the enactments mentioned in this subsection respectively, that is to say—
a
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F20
f
Part VI with the Stamp Act 1891.
3
Any reference in this Act to any other enactment shall, except so far as the context otherwise requires, be construed as a reference to that enactment as amended or applied by or under any other enactment, including this Act.
4
Such of the provisions of this Act as relate to matters in respect of which the Parliament of Northern Ireland has power to make laws shall not extend to Northern Ireland.
5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F21
F22F22SCHEDULE 1
Sch. 1 repealed by Statute Law Revision Act 1959 (c. 68)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F22
F23F23SCHEDULE 2
Sch. 2 repealed by Purchase Tax Act 1963 (c. 9), Sch. 4 Pt. I
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F23
F24F24SCHEDULE 3
Sch. 3 repealed by Finance Act 1962 (c. 44), s. 34(7), Sch. 11 Pt. I
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F24
F25F25SCHEDULE 4
Sch. 4 repealed by Finance Act 1964 (c. 49), Sch. 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F25
F26F26SCHEDULE 5, 6
Schs. 5, 6 repealed by Income and Corporation Taxes Act 1970 (c. 10), Sch. 16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F26
F27F27SCHEDULE 7
Sch. 7 repealed by Finance Act 1965 (c. 25), s. 97(5), Sch. 22 Pt. V
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F27
F28F28SCHEDULE 8
Sch. 8 repealed by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59(5), Sch. 13 Pt. I
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F28
F29F29SCHEDULE 9
Sch. 9 repealed by Statute Law (Repeals) Act 1974 (c. 22), Sch. Pt. XI
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F29
Act partly in force at Royal Assent, partly retrospective, see individual sections; all provisions so far as unrepealed wholly in force at 1.2.1991.