2. In these Regulations–
“close possession” means physical possession by the distrainor or a person acting on his behalf of the goods and chattels distrained;
“the enactments relating to stamp duty” means the Stamp Act 1891(1) and any enactment amending, or which is to be construed as one with, that Act(2);
“stamp duty penalty” means a penalty under the enactments relating to stamp duty, other than a penalty under section 15B of the Stamp Act 1891(3);
“walking possession” means possession in accordance with an agreement between the distrainor and the distrainee whereby, in consideration of the distrainor not remaining in close possession, the distrainor undertakes not to dispose of the goods distrained or any part thereof, or permit their removal by any person not authorised by the distrainor to remove them.
Relevant amendments were made to those enactments, and to the Stamp Act 1891, by paragraphs 2 to 8 of Schedule 17 to the Finance Act 1999 (c. 16).
Sections 15, 15A and 15B were substituted for section 15 by section 109(1) of the Finance Act 1999.