---
title: "Finance Act 1947"
id: c0a27f61-de1c-4060-8a57-6e3509de20ca
authority: uk
place: "United Kingdom"
applies_also_from: []
kind: statute
in_force: true
publisher_url: https://www.legislation.gov.uk/ukpga/Geo6/10-11/35
attribution: "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
solon_url: https://solon.orangecat.ch/law/c0a27f61-de1c-4060-8a57-6e3509de20ca
language: en
in_force_from: 1991-02-02
date_basis: publisher
status: consolidated
source_url: https://www.legislation.gov.uk/ukpga/Geo6/10-11/35/data.xml
read_on: 2026-11-09
sha256: 6264fdb08c212d39fd8a08d8f620907158c8f8c55929b62c7d5204037b53d9ff
provisions: 4
---

# Finance Act 1947

## Title and introductory text {#prelims}

Finance Act 1947
1947 c.35
An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt, the Public Revenue and Savings Banks and to make further provision in connection with Finance.
[31st July 1947]

## 57 Exemption of transfers of stock guaranteed by Treasury. {#section-57}

(1) Where the payment of principal and interest on any stock to which this section applies is guaranteed by the Treasury, transfers of the stock shall be exempt from all stamp duties.
(2) This section applies to all stock issued by any of the following bodies, that is to say :—
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The North of Scotland Hydro-Electric Board ;
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
and to any other stock to which it may be applied by direction of the Treasury, being stock issued by a body corporate constituted for the purposes of any scheme for the carrying on of any industry or part of an industry, or of any undertaking, under national ownership or control which may be embodied in any Act passed after the beginning of the present Session.

## 58 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . {#section-58}



## 74 Short title, construction, extent and repeals. {#section-74}

(1) This Act may be cited as the Finance Act 1947.
(7) Part VI of this Act shall be construed as one with the Stamp Act 1891.
(9) Any reference in this Act to any other enactment shall, except so far as the context otherwise requires, be construed as a reference to that enactment as amended by or under any other enactment, including this Act.