Paragraph 11
United Kingdom Not yet in force
No transfer effected by this Act shall give rise to any liability to stamp duty.
Stamp duty shall not be chargeable on a transfer scheme or, subject to sub-paragraph (3) below, on any instrument which is certified to the Board by the Secretary of State as having been made in pursuance of such a scheme.
No instrument which is certified as mentioned in sub-paragraph (2) above shall be taken as duly stamped unless—
it is stamped with the duty to which it would but for that sub-paragraph be liable; or
it has, in accordance with section 12 of the M1Stamp Act 1891, been stamped with a particular stamp denoting that it is not chargeable with that duty or that it is duly stamped.
Stamp duty shall not be chargeable on any instrument which is made in pursuance of Schedule 10 to this Act.
Stamp duty shall not be chargeable on any instrument by which the Secretary of State, or any nominee of the Treasury or the Secretary of State, transfers securities of a company to another company if—
either or both of the companies are successor companies; and
each of the companies is, at the time when the instrument is made,
wholly owned by the Crown.
Annotations
Marginal citations
- M1