Section 4 Tax exemptions.
A person not resident in the United Kingdom shall not be liable to income tax in respect of income from any security issued by the support fund established by the Agreement if he would not be liable but for the fact that—
the security or income is issued, made payable or paid in the United Kingdom or in sterling; or
the support fund maintains an office or other place of business in the United Kingdom;
and such a security shall be taken for the purposes of capital transfer tax and capital gains tax to be situated outside the United Kingdom.
No stamp duty shall be chargeable under the heading “Bearer Instrument” in Schedule 1 to the Stamp Act 1891 F1 on the issue of any instrument by the support fund or on the transfer of the stock constituted by, or transferable by means of, any instrument issued by the fund.
Annotations
Textual amendments
- F1