64. Stamp Duty (Threshold)

– in the House of Commons at 9:30 pm on 22nd March 1993.

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Resolved,That the following provisions shall have effect for the period beginning 23rd March 1993 and ending 31 days after the earliest of the dates mentioned in section 50(2) of the Finance Act 1973—(1) Section 55 of the Finance Act 1963 and section 4 of the Finance Act (Northern Ireland) 1963 shall be amended as follows—

  1. (a) in subsection (1) of each section for "£30,000" (in each place) there shall be substituted "£60,000";
  2. (b) in subsection (2) of each section for "£300" there shall be substituted "£600".
(2) This Resolution applies to—
  1. (a) instruments executed on or after 16th March 1993 and before 23rd March 1993 and not stamped before 23rd March 1993;
  2. (b) instruments executed on or after 23rd March 1993.
(3) For the purposes of section 14(4) of the Stamp Act 1891 the law in force at the time of execution of an instrument falling within paragraph (2)(a) above shall be deemed to be that as varied in accordance with paragraph (1) above.And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of section 50 of the Finance Act 1973.