Stamp Duties Consolidation Act 1999 section 28

Notes promising the payment of sum of money out of a particular fund, etc

Section 28 dealt with the stamp duty treatment of promissory notes where payment was to come from a particular fund or was dependent on a contingency. This section was deleted for notes made on or after 2 April 2007.

• Section 28 applied to promissory notes where payment was linked to a particular fund or was conditional on a contingency occurring.
• Such instruments were treated as promissory notes for stamp duty purposes, regardless of the conditional nature of the payment.
• The section was deleted by section 101(1)(d) of the Finance Act 2007.
• The deletion applied to notes made on or after 2 April 2007.