Amendments of enactments for references about shares, capital, securities, etc
7. FA 1986(1) is amended as follows—
(a)in section 66(1) (stamp duty: company’s purchase of own shares): substitute “690” for “162”, substitute “2006” for “1985”, and omit everything from “or” to “1982”;
(b)in section 66(2): substitute “707” for “169(1) or (1B)”, and omit everything from “or,” to “Order”;
(c)in section 66(3): substitute “such return” for everything from “return” to “1982,”;
(d)in section 90(7A) (stamp duty reserve tax: exceptions): substitute “724” for “162A”, and substitute “2006” for “1985”;
(e)in section 92(1D)(a) (stamp duty reserve tax: repayment or cancellation): substitute “707” for “169(1) or (1B)”, and substitute “2006” for “1985”;
(f)in section 99(10)(b) (stamp duty reserve tax: interpretation): substitute “section 133(3) of the Companies Act 2006 (transactions in shares registered in overseas branch register)” for everything from “paragraph 8” to “(equivalent provision for Northern Ireland)”.
1986 c. 41; sections 66(2) and 66(3) were amended, and sections 90(7A) and 92(1D) were inserted, by the Finance Act 2003 (c. 14), Schedule 40, paragraphs 2 to 4. Section 99(10) was amended by the Finance Act 1988 (c. 39), section 144(4); the Finance Act 1996 (c. 8), section 196(5); the Finance Act 1998 (c. 36), section 151(5); and the Finance Act 1999 (c. 16), section 118(2).