Finance Act, 1970

Stamp duty on loan capital.

42.—(1) Section 8 (2) of the Finance Act, 1899, is hereby amended by the substitution of “five shillings” for “two shillings and sixpence” and “two hundred pounds” for “hundred pounds” and “a hundred pounds” in each place where the latter occurs.

(2) Section 10 (1) of the Finance Act, 1907 , is hereby amended by the substitution of “four shillings” for “two shillings” and “two hundred pounds” for “hundred pounds”.

(3) This section shall come into operation on the 1st day of August, 1970, or the date of the passing of this Act, whichever is the later.