Paragraph 1 of Schedule 13 to FA 1999 (charge to stamp duty on conveyance or transfer on sale) is amended as follows.
In sub-paragraph (3), for "(4)" substitute ." (3A) "
After that sub-paragraph insert—
In paragraph 6(1) (meaning of instrument being certified at an amount), for "paragraph" substitute ." paragraphs 1(3A) and "
The amendments made by this section have effect in relation to instruments executed on or after 13 March 2008 and not stamped before 19 March 2008.
For the purposes of section 14(4) of the Stamp Act 1891 (c. 39) (instruments not to be given in evidence etc unless stamped in accordance with the law in force at the time of first execution), the law in force at the time of execution of an instrument—
shall be deemed to be the law as varied in accordance with this section.