Part 1 Supplementary Provisions
Finance Act 2003 (2003 c 14) | Legislation

SCHEDULE 20 Stamp Duty: Restriction to Instruments Relating to Stock or Marketable Securities

Section 125

Part 1 Supplementary Provisions

Reduction of stamp duty where instrument partly relating to stock or marketable securities

1

(1)     This paragraph applies where stamp duty under Part 1 of Schedule 13 to the Finance Act 1999 (c 16) (transfer on sale) is chargeable on an instrument that relates partly to stock or marketable securities and partly to property other than stock or marketable securities.

(2)     In such a case—

(a)     the consideration in respect of which duty would otherwise be charged shall be apportioned, on a just and reasonable basis, as

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