§ Amendments made: No. 89, in page 146, line 27, leave out from beginning to end of line 27 on page 155.
§ No. 90, in page 155, line 29, leave out 'this Part of'.
§
No. 91, in page 155, line 31, leave out 'has the same meaning as in Part I of this Schedule'and insert
'means a transfer scheme, if and to the extent that it provides for the transfer of property, rights or liabilities from a body or person falling within any of paragraphs (a) to (e) of section 74(1) of this Act to another such body or person.'.
§ No. 92, in page 155, line 32, leave out 'this Part of.
§ No. 93, in page 155, line 42, leave out '(a)'.
§ No. 94, in page 155, line 44, leave out 'or'.
§
No. 95, in page 155, line 45, leave out `(b)'and insert—
'(2A) Stamp duty shall not be chargeable on any instrument or agreement which is certified to the Inland Revenue by the Secretary of State-—
(a) as made'.
§
No. 105, in page 156, line 3, at end insert 'and
(b) as operating in favour of no person who does not fall within paragraphs (a) to (e) of section 74(1) of this Act.'.
§ No. 97, in page 156, line 10, leave out sub-paragraph (4).
§ No. 98, in page 156, line 17, leave out `to (4)'and insert '(2), (2A) and (3)'.
§
No. 99, in page 156, line 23, at end insert—
'(6) Section 12 of the Finance Act 1895 (collection of stamp duty in cases of property vested by Act or purchased under statutory power) shall not operate to require—
862
- (a) the delivery to the Inland Revenue of a copy of this Act, or
- (b) the payment of stamp duty under that section on any copy of this Act,
and shall not apply in relation to any instrument on which, by virtue of the preceding provisions of this paragraph, stamp duty is not chargeable.'.
§
No. 100, in page 156, line 25, leave out `No agreement'and insert
'An agreement to transfer chargeable securities, as defined in section 99 of the Finance Act 1986, to a person falling within paragraphs (a) to (e) of section 74(1) of this Act shall not give rise to a charge to stamp duty reserve tax if the agreement is'.
§ No. 101, in page 156, line 26, leave out `by'.
§ No. 102, in page 156, line 27, after '(a)'insert `by'.
§ No. 103, in page 156, line 28, after `(b)'insert 'by'.
§ No. 104, in page 156, line 30, after `(c)'insert `by'.
§
No. 96, in page 156, leave out lines 31 to 39 and insert—
'(2) An agreement shall not give rise to a charge to stamp duty reserve tax if the agreement is made in pursuance of Schedule 7 to this Act in connection with a restructuring scheme made as mentioned in paragraph (a), (b) or (c) of sub-paragraph (1) above.'.—[Mr. Norris.]