8(1)Section 81 of the Finance Act 1985 (renounceable letters of allotment, etc.) is amended as follows.
(2)For subsection (2) substitute—
“(2)The instrument shall not be exempt by virtue of paragraph 24(d) of Schedule 13 to the Finance Act 1999 (renounceable letters of allotment, etc.) from stamp duty under or by reference to Part I of that Schedule (conveyance or transfer on sale).”.
(3)In subsection (3) for the words from “section 126(1)” to “126(2) or (3)” substitute “section 79(4) of the Finance Act 1986 does not apply by virtue of section 79(5) or (6)”.