Finance Act, 1978
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Abolition of stamp duty on contracts for construction of office buildings and amendment of section 65 of Finance Act, 1973, and of section 47 of Finance Act, 1977. |
35.—(1) Section 50 (which imposes a stamp duty on contracts for the construction, alteration or enlargement of buildings intended for use as offices) of the Finance Act, 1969 , shall not apply, and shall be deemed never to have applied, in relation to contracts made on or after the 14th day of April, 1978, to which subsection (1) of that section refers. | |
(2) Section 65 of the Finance Act, 1973 , shall have effect, and shall be deemed always to have had effect, as if the reference to section 50 (2) of the Finance Act, 1969 , were a reference to section 50 of the Finance Act, 1969 , and the reference to “ten per cent.” were a reference to “ten per cent.” in each place where it occurs. | ||
(3) Section 47 of the Finance Act, 1977 , is hereby amended by the substitution of “31st day of December, 1979” for “31st day of December, 1978” in each place where it occurs. |