Finance Act 1994

239 Execution of deeds

(1) In section 122 of the [1891 c. 39.] Stamp Act 1891 (definitions)—

(a) after subsection (1) there shall be inserted—

“(1A) For the purposes of this Act a deed (or, in Scotland, a deed for which delivery is required) shall be treated as executed when it is delivered or, if it is delivered subject to conditions, when the conditions are fulfilled”, and

(b) at the end of the definition of “executed” and “execution” in subsection (1) there shall be added “(but subject to subsection (1A) of this section)”.

(2) In section 27 of the [1891 c. 38.] Stamp Duties Management Act 1891 (definitions), in the definition of “executed” and “execution”, for the words following “execution” there shall be substituted “have the same meaning as in the [1891 c. 39.] Stamp Act 1891”.

(3) This section shall apply to any instrument except one which, on or before 7th December 1993, has been executed for the purposes of the [1891 c. 39.] Stamp Act 1891 as that Act has effect before amendment by this section.