# Finance Act 1999, Paragraph 17


(1) Stamp duty is not chargeable under this Schedule on ... an instrument which relates to stock expressed—
(a) in a currency other than sterling, or
(b) in units of account defined by reference to more than one currency (whether or not including sterling).
...
(2) Where the stock to which the instrument relates consists of a loan for the repayment of which there is an option between sterling and one or more other currencies, sub-paragraph (1) applies if the option is exercisable only by the holder of the stock and does not apply in any other case.

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Source: https://www.legislation.gov.uk/ukpga/1999/16/schedule/15/paragraph/17 (the official version)
Page: https://openlegislation.uk/finance-act-1999/schedule-15/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.