Finance Act 2008
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Reconstructions or amalgamations of certain investment undertakings. |
119.— (1) The Principal Act is amended by inserting the following after section 88C: | |
“88D.— (1) Subject to subsection (2), stamp duty shall not be chargeable on an instrument made for the purposes of or in connection with a scheme for the reconstruction or amalgamation of an investment undertaking to which subsections (1), (1A) and (1B) (inserted by the Finance Act 2008) and (2) of section 739H of the Taxes Consolidation Act 1997 apply. | ||
(2) Subsection (1) shall not apply to an instrument made for the purposes of or in connection with a scheme for the reconstruction or amalgamation of a common contractual fund within the meaning of section 739I(1)(a)(ii) of the Taxes Consolidation Act 1997 .”. | ||
(2) This section applies as respects instruments executed on or after the date of the passing of this Act. |