R S Nock

Section 42 RIP
The latest legislative changes to section 42, Finance Act 1930 have ripped it in pieces, says R S Nock.

R S Nock, barrister looks at the changes made to stamp duty on goodwill in the 2000 Finance Act.
Section 129 of, and Schedule 34 to, the Finance Act 2000 make two important changes in relation to certain types of intellectual property, namely:
any assignment or licence of or transfer of a licence of relevant intellectual property is exempt from stamp duty; and