Finance Act 2003
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Foreign Government securities. |
138.—(1) The Principal Act is amended by the substitution of the following section for section 89: | |
“89.—(1) In this section— | ||
‘foreign local authority’ means an authority, corresponding in substance to a local authority for the purposes of the Local Government Act 2001 , which is established outside the State and whose functions are carried on primarily outside the State; | ||
‘foreign local government’ means any local or regional government in any jurisdiction outside the State. | ||
(2) Stamp duty shall not be chargeable on any conveyance or transfer of stocks or other securities of the government of any territory outside the State, of a foreign local government or of a foreign local authority.”. | ||
(2) This section has effect in relation to instruments executed on or after 6 February 2003. |