- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
4.—(1) Section 80A (stamp duty: exceptions for sales to intermediaries) (1) is adapted as follows.
(2) In subsection (1)—
(a)in paragraph (a) for “an EEA exchange, or a recognised foreign exchange,” substitute “a prescribed multilateral trading facility”; and
(b)in paragraphs (b) and (c) for “the exchange” substitute “the facility”.
(3) In subsection (2)—
(a)in paragraph (a) for “an EEA exchange, or a recognised foreign options exchange,” substitute “a prescribed multilateral trading facility”;
(b)in paragraph (b) for “that exchange” substitute “that facility” (in both places);
(c)in paragraph (c) for “that exchange” substitute “that facility”; and
(d)in paragraph (d)—
(i)for “exchange, or a” substitute “exchange, a”; and
(ii)after “foreign exchange” insert “or a prescribed multilateral trading facility”.
(4) In subsection (3)—
(a)in paragraph (a) for “an EEA exchange, or a recognised foreign options exchange,” substitute “a prescribed multilateral trading facility”; and
(b)in paragraph (b) for “that exchange” substitute “that facility” (in both places).
(5) In subsection (6) —
(a)in the words before paragraph (a) for “an exchange” substitute “a prescribed multilateral trading facility”; and
(b)in paragraphs (a) and (b) for “the exchange” (in each place) substitute “the facility”.
(6) At the end of the section add —
“(8) In this section “prescribed multilateral trading facility” has the meaning given by regulation 2 of the Stamp Duty and Stamp Duty Reserve Tax (Extension of Exceptions relating to Recognised Exchanges) Regulations 2005 (S.I. 2005/1990).”.
Section 80A was inserted by section 97 of the Finance Act 1997 and is to be repealed by the relevant entry in Part VII of Schedule 18 to that Act upon a date to be appointed.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: