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Contents

Legislation

Finance Act 1986

Crossheading The principal charge

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Section 87 The principal charge
Section 88 Special cases.
Section 88A Section 87: exceptions for intermediaries.
Section 88B Intermediaries: supplementary.
Section 89 Section 87: exceptions for market makers etc.
Section 89A Section 87: exceptions for public issues.
Section 89AA Section 87: exception for repurchases and stock lending.
Section 89AB Section 87: exception for repurchases and stock lending in case of insolvency
Section 89B Section 87: exceptions for stock lending and collateral security arrangements.
Section 89C Section 87: UK listing relief
Section 90 Section 87: other exceptions
Section 91 Liability to tax
Section 92 Repayment or cancellation of tax

The principal charge
Liability to tax

Section 91 | Liability to tax

From legislation.gov.uk

(1)Where tax is charged under section 87 above as regards an agreement, B shall be liable for the tax.

(2)Repealed^F1

Notes

F1
S. 91(2) repealed (retrospectively) by Finance Act 1987 (c. 51), ss. 100(2), 104(4), Sch. 9 Pt. IV