SCHEDULES

SCHEDULE 32U.K.Stamp duty: abolition of fixed duty on certain instruments

Part 2 U.K.Consequential provisions and saving

FA 1986U.K.

14(1)Section 67 (stamp duty on certain transfers to depositary receipt systems) is amended as follows.U.K.

(2)In subsection (1), after “instrument” insert “ (other than a bearer instrument) ”.

(3)In subsection (3), for the words from the beginning to “then,” substitute In any other case—

(a)stamp duty is chargeable on the instrument under this subsection, and

(b).

(4)After subsection (9) insert—

(9A)In this section “bearer instrument” has the meaning given in paragraph 3 of Schedule 15 to the Finance Act 1999.