# Finance Act 1990, Section 107: Stamp duty to be abolished on bearer instruments.

Extent: E+W+S+N.I.

(1) Stamp duty shall not be chargeable under Schedule 15 to the Finance Act 1999 (bearer instruments).
(2) Subsection (1) above applies in relation to the charge under paragraph 1 of that Schedule (charge on issue) where the instrument is issued on or after the abolition day.
(3) Subsection (1) above applies in relation to the charge under paragraph 2 of that Schedule (charge on transfer of stock) where the stock constituted by or transferable by means of the instrument is transferred on or after the abolition day.

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Source: https://www.legislation.gov.uk/ukpga/1990/29/section/107 (the official version)
Page: https://openlegislation.uk/finance-act-1990/section-107
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.