# Property Services Agency and Crown Suppliers Act 1990, Paragraph 3


Stamp duty shall not be chargeable on any instrument which is certified to the Commissioners of Inland Revenue by the Secretary of State as being a scheme under section 1 of this Act (or as having been made or executed in pursuance of such a scheme) and as effecting a transfer of property, rights or liabilities to a company all the issued shares in which are held by or on behalf of the Crown; but no such instrument shall be taken to be duly stamped unless—
(a) it is stamped with the duty to which it would but for this paragraph be liable; or
(b) it has, in accordance with section 12 of the Stamp Act 1891, been stamped with a particular stamp denoting that it is not chargeable with any duty or that it is duly stamped.

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Source: https://www.legislation.gov.uk/ukpga/1990/12/schedule/n1/paragraph/3 (the official version)
Page: https://openlegislation.uk/property-services-agency-and-crown-suppliers-act-1990/schedule-n1/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.