Finance Act, 1986

Amendment of section 93 (exemption of certain instruments from stamp duty) of Finance Act, 1982.

101.—(1) Section 93 of the Finance Act, 1982 , is hereby amended by the substitution of the following subsection for subsection (5):

“(5) This section shall have effect with respect to any instrument executed after the date of the passing of this Act and before the 30th day of September, 1986.”.

(2) The said section 93 is hereby further amended—

(a) in subsection (4) (a), by the substitution of “30 years” for “35 years”, and

(b) in subsection (4) (b) (i) (I), by the substitution of “150 hours” for “100 hours”, and

the said section 93, as amended by paragraphs (a) and (b), shall have effect with respect to any instrument executed after the 1st day of October, 1986, and before the expiration of one year from that date.