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SCHEDULES

SCHEDULE 24Abolition of stamp duty and SDRT: securities on recognised growth markets

PART 2Stamp duty

Charge on transfers of partnership interests

11(1)Schedule 15 to FA 2003 (SDLT: partnerships) is amended as follows.

(2)In paragraph 31(1) (stamp duty on transfers of partnership interests: continued application), after “that section)” insert “or in Schedule 24 to the Finance Act 2014 (abolition of stamp duty in relation to certain securities)”.

(3)In paragraph 33—

(a)in sub-paragraph (1A), for “stock or marketable” substitute “relevant”,

(b)in sub-paragraph (3), for “stock or marketable” substitute “relevant”,

(c)in that sub-paragraph omit “that stock and” (in both places),

(d)in sub-paragraph (6), for “stock or” (in each place) substitute “relevant”,

(e)in sub-paragraph (7), for “stock or” (in both places) substitute “relevant”, and

(f)after sub-paragraph (8) insert—

(8A)In this paragraph “relevant securities” means stock or marketable securities other than any stock or marketable securities admitted to trading on a recognised growth market but not listed on any market.