# Finance Act 1999, Paragraph 13


Stamp duty is not chargeable on a bearer instrument issued outside the United Kingdom in respect of a loan which is expressed in a currency other than sterling and which is not—
(a) offered for subscription in the United Kingdom, or
(b) offered for subscription with a view to an offer for sale in the United Kingdom of securities in respect of the loan.

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Source: https://www.legislation.gov.uk/ukpga/1999/16/schedule/15/paragraph/13 (the official version)
Page: https://openlegislation.uk/finance-act-1999/schedule-15/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.