[80C Repurchases and stock lending]
Finance Act 1986 (1986 c 41) | Legislation

[80C  Repurchases and stock lending]

[(1)ÌýÌýÌýÌý This section applies where a person (A) has entered into an arrangement with another person (B) under which—

(a)ÌýÌýÌýÌý B is to transfer stock of a particular kind to A or his nominee, and

(b)ÌýÌýÌýÌý stock of the same kind and amount is to be transferred by A or his nominee to B or his nominee,

and the conditions set out in subsection [(2A) or] (3) below are fulfilled.

(2)ÌýÌýÌýÌý Stamp duty shall not be chargeable on an instrument transferring stock to B or his nominee or A or his nominee in accordance with the arrangement.

[(2A)ÌýÌýÌýÌý The conditions in this subsection are—

(a)ÌýÌýÌýÌý that A or B [—

(i)]ÌýÌýÌýÌý is authorised under the law of an EEA State [or Gibraltar] to provide any of the investment services

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