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Contents

Legislation
Finance Act 1987
  • Introduction
  • Part 1 Customs and Excise and Value Added Tax
  • Part II Income Tax, Corporation Tax and Capital Gains Tax
  • Part III Stamp Duty and Stamp Duty Reserve Tax
  • Part IV Inheritance Tax
  • Part V Oil Taxation
  • Part VI Miscellaneous and Supplementary
  • SCHEDULE 1 Vehicles Excise Duty
  • SCHEDULE 2 Amendments of Value Added Tax Act 1983
  • SCHEDULES 3–6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  • SCHEDULE 7 Stamp Duty Reserve Tax
  • SCHEDULE 8 Securities, Other Business Property and Agricultural Property
  • SCHEDULE 9 Maintenance Funds for Historic Buildings etc.
  • SCHEDULE 10 Nomination Scheme for Disposals and Appropriation
  • SCHEDULE 11 Market Value of Oil
  • SCHEDULE 12 Supplementary Provisions as to Blended Oil
  • SCHEDULE 13 Relief for Research Expenditure
  • SCHEDULE 14 Cross-Field Allowance
  • SCHEDULE 15 Pre-Consolidation Amendments: Income Tax and Corporation Tax
  • SCHEDULE 16 Repeals
  1. Finance Act 1987
  2. Introduction

Introduction

From legislation.gov.uk

An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.

[15th May 1987]

Most Gracious Sovereign,We, Your Majesty’s most dutiful and loyal subjects, the Commons of the United Kingdom in Parliament assembled, towards raising the necessary supplies to defray Your Majesty’s public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and grant unto your Majesty the several duties hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

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