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Finance Act, 1994

Securities of International Bank for Reconstruction and Development.

161.—(1) This section applies to any stock or other form of security issued by the International Bank for Reconstruction and Development.

(2) Any stock or other form of security to which this section applies shall be deemed—

(a) to be a security issued under the authority of the Minister for Finance within the meaning of section 466 of the Income Tax Act, 1967 , and

(b) to be a security to which section 63 of the Finance Act, 1969 , applies,

and those sections shall apply and have effect accordingly.

(3) Section 474 of the Income Tax Act, 1967 , is hereby amended in subsection (1) by the insertion of “, or section 161 of the Finance Act, 1994” after “ section 92 of the Finance Act, 1973 ”.

(4) The First Schedule (as amended by the Finance Act, 1970 , and subsequent enactments) to the Stamp Act, 1891, is hereby amended by the insertion in paragraph 1 of the Heading “GENERAL EXEMPTIONS FROM ALL STAMP DUTIES” of the following subparagraph after subparagraph (ia) (inserted by the Finance Act, 1973 ):

“(ib) any stock or other form of security to which section 161 of the Finance Act, 1994, applies,”.

(5) Section 66 (as amended by the Finance Act, 1989 ) of the Finance Act, 1984 , is hereby amended by the insertion after “Steel Community,” of “the International Bank for Reconstruction and Development,”.