SCHEDULES

SCHEDULE 14 Stamp duty: amendments consequential on section 112

Finance Act 1991 (c.31)

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In section 113 of the Finance Act 1991 (certification of instruments for stamp duty purposes), for subsections (1) to (3) substitute—

1

For the purposes of paragraph 6(1) of Schedule 13 to the Finance Act 1999 (meaning of instrument being certified at an amount)—

a

a sale or contract or agreement for the sale of exempt property within the meaning of section 110 above shall be disregarded; and

b

any statement as mentioned in that provision shall be construed as leaving out of account any matter which is to be so disregarded.