Stamp Duties Consolidation Act 1999 section 26

Certain bills issued by local authorities to be chargeable as promissory notes

Section 26 provided that certain bills issued by local authorities were chargeable to stamp duty as promissory notes.

• Section 26 treated bills issued by local authorities as promissory notes for stamp duty purposes.
• The section was deleted by Finance Act 2007, section 101(1)(d).
• The deletion applied to bills drawn on or after 2 April 2007.
• The provision has no continuing effect for bills drawn from that date onwards.