FA 1986 is amended as follows.
In section 78(7) (stamp duty: loan capital), after paragraph (c) insert—
In section 79 (loan capital: instruments not chargeable to stamp duty), after subsection (8) insert—
In section 99 (stamp duty reserve tax: interpretation), after subsection (9) insert—
The amendments made by subsections (2) and (3) have effect in relation to instruments executed on or after the day on which this Act is passed (and for this purpose it does not matter when the arrangements falling within section 48A of FA 2005 are made).
The amendment made by subsection (4) has effect in relation to—
agreements to transfer chargeable securities made on or after the day on which this Act is passed, and
the transfer, issue or appropriation of chargeable securities after that day in pursuance of an agreement made after that day;
(and for this purpose it does not matter when the arrangements falling within section 48A of FA 2005 or section 507 of CTA 2009 are made).