# Finance Act 1999, Paragraph 2


Stamp duty is chargeable on the transfer in the United Kingdom of the stock constituted by or transferable by means of a bearer instrument if ...—
(a) duty would be chargeable under Part I of Schedule 13 (conveyance or transfer on sale) if the transfer were effected by an instrument other than a bearer instrument, or
(b) the stock constituted by or transferable by means of a bearer instrument consists of units under a unit trust scheme.

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Source: https://www.legislation.gov.uk/ukpga/1999/16/schedule/15/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-1999/schedule-15/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.