Link Report

(9) Stocks, marketable securities, units or interests in relation to which this section applies shall be deemed to be land for the purposes of subsection (1)(b) of section 83D (inserted by section 61 of the Finance Act 2017) where, following the conveyance or transfer on sale, the immovable property concerned satisfies the conditions for a repayment under that section.

(9) Stocks, marketable securities, units or interests in relation to which this section applies shall be deemed to be land for the purposes of subsection (1)(b) of section 83D (inserted by section 61 of the Finance Act 2017) where, following the conveyance or transfer on sale, the immovable property concerned satisfies the conditions for a repayment under that section.

“units” has the same meaning as in section 88(1)(a).

(4) Notwithstanding section 88 or the charge to stamp duty applied under the Heading “CONVEYANCE or TRANSFER on sale of any stocks or marketable securities” in Schedule 1, where the circumstances in—

“company” has the same meaning as in section 4 of the Act of 1997;

“connected person” has the same meaning as in section 10 of the Act of 1997 and a person who is connected shall be construed accordingly;

“IREF”, subject to paragraph (b), has the same meaning as in section 739K(1) of the Act of 1997;

(b) For the purposes of the definition of “IREF” in paragraph (a), the definition of “IREF” in section 739K(1) of the Act of 1997 shall be read as if there were inserted after the words “investment undertaking” in the first four places where they occur the words “or collective investment scheme to which section 88(1)(b)(ii) applies”.

(i) stocks or marketable securities in a company, other than an investment undertaking within the meaning of section 739B of the Act of 1997 that is not an IREF,

(c) was held as trading stock (within the meaning of section 89 of the Act of 1997) by the company, IREF or partnership, as the case may be.

“company” has the same meaning as in section 4 of the Act of 1997;

“connected person” has the same meaning as in section 10 of the Act of 1997 and a person who is connected shall be construed accordingly;

(b) For the purposes of the definition of “IREF” in paragraph (a), the definition of “IREF” in section 739K(1) of the Act of 1997 shall be read as if there were inserted after the words “investment undertaking” in the first four places where they occur the words “or collective investment scheme to which section 88(1)(b)(ii) applies”.

(c) was held as trading stock (within the meaning of section 89 of the Act of 1997) by the company, IREF or partnership, as the case may be.

(i) stocks or marketable securities in a company, other than an investment undertaking within the meaning of section 739B of the Act of 1997 that is not an IREF,

“IREF”, subject to paragraph (b), has the same meaning as in section 739K(1) of the Act of 1997;

(b) For the purposes of the definition of “IREF” in paragraph (a), the definition of “IREF” in section 739K(1) of the Act of 1997 shall be read as if there were inserted after the words “investment undertaking” in the first four places where they occur the words “or collective investment scheme to which section 88(1)(b)(ii) applies”.