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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Stamp Duty and Stamp Duty Reserve Tax (Open-ended Investment Companies) (Amendment) Regulations 1999 No. 1467 URL: http://www.bailii.org/uk/legis/num_reg/1999/uksi_19991467_en.html |
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Statutory Instruments
TAXES
Made
26th May 1999
Laid before the House of Commons
26th May 1999
Coming into force
16th June 1999
The Treasury, in exercise of the powers conferred on them by section 152 of the Finance Act 1995(1), hereby make the following Regulations:
1. These Regulations may be cited as the Stamp Duty and Stamp Duty Reserve Tax (Open-ended Investment Companies) (Amendment) Regulations 1999 and shall come into force on 16th June 1999.
2. In these Regulations "the principal Regulations" means the Stamp Duty and Stamp Duty Reserve Tax (Open-ended Investment Companies) Regulations 1997(2) and "regulation" means a regulation of the principal Regulations.
3. In regulation 9(4)-�
(a)the word "but" immediately following sub-paragraph (a) shall be omitted;
(b)sub-paragraph (b) shall be omitted.
4. In each of sub-paragraphs (a) and (b) of regulation 10(4) the words "but before 1st July 1999" shall be omitted.
Jane Kennedy
Bob Ainsworth
Two of the Lords Commissioners of Her Majesty's Treasury
26th May 1999
(This note is not part of the Regulations)
These Regulations amend the Stamp Duty and Stamp Duty Reserve Tax (Open-ended Investment Companies) Regulations 1997 (S.I. 1997/1156) so as to provide that the exemption from stamp duty and stamp duty reserve tax for mergers of authorised unit trusts with open-ended investment companies shall extend beyond 1st July 1999.