181. Amendment of section 31 (certain contracts for sale of leasehold interests to be chargeable as conveyances on sale) of Finance Act, 1978.

Section 31 of the Finance Act, 1978, is hereby amended by the insertion of the following subsection after subsection (1):

"(1A) For the purposes of this section 'transfer', other than the last-mentioned reference in paragraph (ii) of subsection (1), means a transfer which would but for this section be chargeable to stamp duty.".