- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
1. Shares and stock in the share capital of a company.
Here “company” includes—
(a)any body corporate constituted under the law of, or of any part of, the United Kingdom or of any other country or territory and also any unincorporated body constituted under the law of a country or territory outside the United Kingdom; and
(b)any body incorporated under the law of, or of any part of, the United Kingdom relating to a building society within the meaning of section119(1) of the Building Societies Act 1986(1) or an industrial and provident society registered, or deemed to be registered, under the Industrial and Provident Societies Act 1965(2) or the Industrial and Provident Societies Act (Northern Ireland) 1969(3).
2. Debentures, including debenture stock, loan stock, bonds, certificates of deposit and other instruments creating or acknowledging indebtedness which are not instruments falling within paragraph 3.
3. Loan stock, bonds and other instruments creating or acknowledging indebtedness issued by or on behalf of a government, a local authority or public authority.
Here—
(a)“government” means the government of the United Kingdom, of Northern Ireland, or of any country or territory outside the United Kingdom;
(b)“local authority” means a local authority in the United Kingdom or elsewhere, and in respect of a local authority in the United Kingdom, has the meaning given to it in section 842A of the Taxes Act(4); and
(c)“public authority” means any international organisation the members of which include the United Kingdom or another member State.
4. Warrants or other instruments entitling the holder to subscribe for assets falling within paragraph 1, 2 or 3.
For the purpose of this paragraph, it is immaterial whether the assets are for the time being—
in existence; or
identifiable.
5. Units in a collective investment scheme, including shares or securities in an open-ended investment company.
Here—
(a)“collective investment scheme” has the meaning given in section 75(1) of the Financial Services Act 1986(5); and
(b)“open-ended investment company” has the meaning given in section 75(8) of that Act.
6. Options to acquire, or dispose of—
(a)currency of the United Kingdom or any other country or territory;
(b)gold, silver, palladium or platinum;
(c)an asset falling within any other paragraph of this Part of this Schedule;
(d)an option to acquire, or dispose of, an asset falling within sub-paragraph (a), (b) or (c).
7. A contract for the sale of a commodity or property of any other description under which delivery is to be made at a future date and at a price agreed upon when the contract is made.
For the purposes of this paragraph a price shall be taken to have been agreed upon when a contract is made—
(a)notwithstanding that it is left to be determined by reference to the price at which a contract is to be entered into on a market or exchange or could be entered into at a time and place specified in the contract; or
(b)in a case where the contract is expressed to be by reference to a standard lot and quality, notwithstanding that the provision is made for a variation in the price to take account of any variation in quantity or quality on delivery.
8. A contract for differences or any other contract the purpose or pretended purpose of which is to secure a profit and avoid a loss by reference to fluctuations in the value or price of property of any description or in an index or other factor designed for that purpose in the contract.
9. Any alcoholic liquor, within the meaning of section 1 of the Alcoholic Liquor Duties Act 1979(6) in respect of which no duty has been paid under that Act.
10. Any gemstone, including stones such as diamond, emerald, ruby, sapphire, amethyst, jade, opal or topaz and organic gemstones such as amber or pearl, whether cut or uncut and whether or not having an industrial use.
11. Certificates or other instruments which confer—
(a)property rights in respect of any asset falling within paragraphs 1 to 4, 9 or 10;
(b)any right to acquire, dispose of, underwrite or convert an asset, being a right to which the holder would be entitled if he held any such asset to which the certificate or instrument relates; or
(c)a contractual right, other than an option, to acquire any such asset otherwise than by subscription.
12. Any voucher, stamp or similar document—
(a)whether used singularly or together with other such vouchers, stamps or documents; and
(b)which is capable of being exchanged for an asset falling within any other paragraph of this Part.
Section 842A was inserted by section 127(1) of the Finance Act 1990 (c. 29), amended by section 117(2)(d) of, and paragraph 57 of Schedule 13 to, the Local Government Finance Act 1992, partly repealed by section 93 of and Part I of Schedule 9 to the Police and Magistrates' Courts Act 1994 (c. 29), and further amended by paragraph 155 of Schedule 13 to the Local Government (Scotland) Act 1994 (c. 39), section 144 of the Finance Act 1995 (c. 4) and section 134(1) of, and paragraph 53 of Schedule 9 to the Police Act 1997 (c. 50).
1986 c. 60. There are amendments to section 75 that are not relevant for the purposes of this instrument.
1979 c. 4. Section 1 was amended by article 5 of S.I. 1979/241, section 1(5) of the Finance Act 1984 (c. 43), paragraph 1 of Part II of Schedule 1 and Part I of Schedule 14 to the Finance Act 1988 (c. 39) and section 3(1) and (3) of the Finance Act 1993 (c. 34).
The Whole Instrument you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Instrument you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Instrument you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: