# Finance Act 2019, Paragraph 20


A transfer of a hybrid capital instrument (within the meaning of section 475C of CTA 2009) is exempt from all stamp duties.

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Source: https://www.legislation.gov.uk/ukpga/2019/1/schedule/20/paragraph/20 (the official version)
Page: https://openlegislation.uk/finance-act-2019/schedule-20/paragraph-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.