Related Commentary  Related HMRC Manuals

66(1)  This section applies where a company purchases its own shares under section 690 of the Companies Act 2006.

66(2)  Any return which relates to any of the shares purchased and is delivered to the registrar of companies under section 707 of that Act shall be charged with stamp duty, and treated for all purposes of the Stamp Act 1891, as if it were an instrument transferring the shares to which it relates on sale to the company in pursuance of the contract (or contracts) of purchase concerned.

66(2A)  [Omitted by FA 2008, s. 99 and Sch. 32, para. 5.]

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