Greater London Authority Act 1999

418 Stamp duty: instruments under London Regional Transport Act 1984

(1) Section 64 of the [1984 c. 32.] London Regional Transport Act 1984 (stamp duty) shall be amended as follows.

(2) In subsection (7)(a) (which, among other things, provides an exemption in relation to transfers in pursuance of a scheme made under section 9(6) in compliance with a direction of the Secretary of State under section 10)—

(a) after “or to a transfer made in pursuance of” there shall be inserted “, or otherwise in connection with,”;

(b) after “section 9(6) of this Act” there shall be inserted “(i)”; and

(c) after “under section 10 of this Act; or” there shall be inserted—

“(ii) in preparation for, or in pursuance of, a PPP agreement, within the meaning of Chapter VII of Part IV of the Greater London Authority Act 1999, or a contract falling within paragraph 6(2) of Schedule 33 to that Act; or”.

(3) After subsection (7) there shall be inserted—

“(7A) Any reference in subsection (7)(a) above to a transfer includes—

(a) a reference to an agreement for a lease or underlease; and

(b) a reference to the grant of a lease or underlease.”