SCHEDULES
SCHEDULE 14Stamp duty: amendments consequential on section 112
Finance Act 1986 (c. 41)
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In section 79 of the Finance Act 1986 (loan capital: new provisions), for subsection (8) substitute—
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Where stamp duty is chargeable under Part I of Schedule 13 to the Finance Act 1999 (conveyance or transfer on sale) on an instrument which transfers loan capital, the rate at which duty is charged under that Part shall be 0.5 of the amount or value of the consideration for the sale to which the instrument gives effect.