SCHEDULES

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

PART 1Stamp duty reserve tax

“Chargeable securities”

2In section 99 (interpretation), after subsection (4A) insert—

(4B)Chargeable securities” does not include securities falling within paragraph (a), (b) or (c) of subsection (3) which are admitted to trading on a recognised growth market but not listed on that or any other market.

(4C)In subsection (4B), “listed” and “recognised growth market” are to be construed in accordance with section 99A.