HC Deb 17 July 1986 vol 101 c1224

Amendments made: No. 173, in page 75, line 34, at end insert— ' (1A) Stamp duty shall not be chargeable on an instrument effecting a transfer of stock if—

  1. (a) the transferee is a recognised investment exchange or a nominee of a recognised investment exchange, and
  2. (b) an agreement which relates to the stamp duty which would (apart from this subsection) be chargeable on the instrument, and was made between the Commissioners and the investment exchange under section 33 of the Finance Act 1970, is in force at the time of the transfer.'.

No. 174, in page 76, line 3 at end insert— '(3A) Subsection (1A) above applies to any instrument giving effect to a transaction carried out on or after such day as the Commissioners may appoint by order made by statutory instrument.'.—[Mr. Ian Stewart.]

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