SCHEDULES
SCHEDULE 24Abolition of stamp duty and SDRT: securities on recognised growth markets
PART 1Stamp duty reserve tax
Commencement of Part 1 and transitional provision
4
1
The amendment made by paragraph 2 has effect in relation to any agreement to transfer securities—
a
where the agreement is conditional, if the condition is satisfied on or after 28 April 2014, and
b
in any other case, if the agreement is made on or after that date.
2
Subject to sub-paragraph (3), the amendment made by paragraph 3 is treated as having come into force on 28 April 2014.
3
The following provisions of section 99A of FA 1986 (inserted by paragraph 3) come into force on the day on which this Act is passed—
a
paragraph (b) of subsection (13), and
b
subsections (14) and (15) so far as relating to that paragraph.
4
Where, having been satisfied as mentioned in subsection (4) of section 99A of FA 1986, the Commissioners for Her Majesty's Revenue and Customs have recognised a market as a growth market in anticipation of the coming into force of that section, that recognition has effect on and after 28 April 2014 as if it were a recognition under that section.