Finance Act 2003: Removes the levy of stamp duty land tax (SDLT) for Murabahah and Ijarah based home financings.
http://www.legislation.gov.uk/ukpga/2003/14/contents
Finance Act 2005: Clarifies tax treatment of payments made under Murabahah and Mudarabah contracts. Removes the levy of SDLT for Diminishing Musharakah based home financings.
http://www.legislation.gov.uk/ukpga/2005/7/contents
Finance Act 2006: Clarifies tax treatment of payments made under Diminishing Musharakah-based financings and Wakala contracts. Extends benefit of relief from the levy of SDLT in Murabahah, Ijara, Diminishing Musharakah based real estate transactions to all entities including companies.
http://www.legislation.gov.uk/ukpga/2006/25/contents
FSMA 2000 Regulated Activities Amendment No. 2 Order 2006: Diminishing Musharakah and Ijarah based home financings now regulated by the FSA.
http://www.legislation.gov.uk/uksi/2006/2383/contents/made
Finance Act 2009: Clarifies tax treatment for Sukuk.
http://www.legislation.gov.uk/ukpga/2009/10/contents
Posted on February 1, 2011 by Camille Paldi
Source : http://ilovetheuae.com/2011/02/01/uk-legislation-related-to-islamic-finance/ - Feb 01, 2011
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