Finance Act, 1986

Stamp duty on conveyances and transfers on sale of stocks and marketable securities.

97.—(1) Section 83 of the Finance Act, 1974 , shall cease to have effect and, in lieu thereof, in the case of a conveyance or transfer on sale of any stocks or marketable securities, such stamp duty shall be chargeable as would have been chargeable if that section had not been enacted.

(2) The Imposition of Duties (No. 276) (Stamp Duties on Conveyances and Transfers on Sale of Stocks and Marketable Securities) Order, 1985 (S.I. No. 146 of 1985), is hereby revoked.

(3) This section shall have effect with respect to any instrument executed on or after the date of the passing of this Act.