137 Stamp duty: acquisition of target company's share capital
Finance Act 2016 (2016 c 24) | Legislation

Part 9 Other Taxes and Duties

Stamp Duty and Stamp Duty Reserve Tax

137  Stamp duty: acquisition of target company's share capital

(1)     Section 77 of FA 1986 (acquisition of target company's share capital) is amended as follows.

(2)     In subsection (3), omit the “and” at the end of paragraph (g) and after paragraph (h) insert “, and

(i)     at the time the instrument mentioned in subsection (1) is executed there are no disqualifying arrangements, within the meaning given by section 77A, in existence.”

(3)     In subsection (3A) for “(3)” substitute “(3)(b) to (h)”.

(4)     In subsection (4) after “this section” insert “and section 77A”.

(5)     After section 77 of FA 1986 insert—

“77A Disqualifying arrangements

(1)     This section applies

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