Finance Act 2024

Stamp duty reserve tax

6 (1) Section 90 (section 87: other exceptions) is amended as follows.

(2) In subsection (3C)—

(a) at the end of paragraph (a) insert “and”;

(b) omit paragraph (b).

(3) In subsection (3E) omit paragraph (b).

(4) In subsection (4)—

(a) the words from “falling within” to the end become paragraph (a);

(b) after that paragraph insert “, or

(b) which would fall within section 93(1) or section 96(1) if the references in section 93 or section 96 (as the case may be) to the transfer of chargeable securities included the issue of chargeable securities.”