Paragraph 12 I1

(1)

Stamp duty shall not be chargeable on a transfer scheme.

(2)

Stamp duty shall not be chargeable on a document certified by HMRC as connected with a transfer scheme.

(3)

A document which is not chargeable by virtue of this paragraph must be stamped in accordance with section 12 of the Stamp Act 1891 (c. 39) with a stamp denoting that it is not chargeable.

Annotations

Commencement

I1: Sch. 7 para. 12 in force at 8.9.2008 as it applies in relation to, or makes provision about the tax implications of, schemes under ss. 51 and 65 by S.I. 2008/2358, arts. 2(1), 3(1)