SCHEDULES

Yn ddilys o 06/02/2000

SCHEDULE 19U.K. Stamp duty and stamp duty reserve tax: unit trusts

Part IIU.K. Stamp duty reserve tax on dealings with units in unit trusts

Modifications etc. (not altering text)

C1Sch. 19 Pt. II excluded (11.5.2001 with effect as mentioned in s. 94(5) of the amending Act) by 2001 c. 9, s. 94(1)-(4)

Exclusion of charge in case of in specie redemptionU.K.

7U.K.There is no charge to tax under this Part of this Schedule if on the surrender of the unit the unit holder receives only such part of each description of asset in the trust property as is proportionate to, or as nearly as practicable proportionate to, the unit holder’s share.