Finance Act 2007
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Certain family farm transfers. |
107.— (1) The Principal Act is amended by inserting the following after section 83A: | |
“83B.— (1) Stamp duty shall not be chargeable on any instrument operating as a conveyance or transfer of land, the subject of the disposal by the child referred to in paragraph (d) (inserted by the Finance Act 2007) of section 599 (1) of the Taxes Consolidation Act 1997 . | ||
(2) Subsection (1) shall not apply to an instrument unless the instrument— | ||
(a) contains a certificate, in such form as the Commissioners may specify, that this section applies, and | ||
(b) has, in accordance with section 20, been stamped with a particular stamp denoting that it is not chargeable with duty.”. | ||
(2) This section applies as respects instruments executed on or after the date of the passing of this Act. |