{
  "url": "https://openlegislation.uk/railways-act-1993/schedule-9/paragraph-3",
  "json_url": "https://openlegislation.uk/railways-act-1993/schedule-9/paragraph-3.json",
  "legislation": "ukpga/1993/43",
  "legislation_title": "Railways Act 1993",
  "legislation_url": "https://openlegislation.uk/railways-act-1993",
  "path": "schedule/9/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "(1) An agreement to transfer chargeable securities, as defined in section 99 of the Finance Act 1986, to a person falling within paragraphs (a) to (e) of section 85(1) of this Act shall not give rise to a charge to stamp duty reserve tax if the agreement is made for the purposes of, or for purposes connected with, a restructuring scheme made—\n(a) by the Secretary of State;\n(b) by the Board, pursuant to a direction given by the Secretary of State under this Act; or\n(c) by the Franchising Director, pursuant to a direction so given.\n(2) An agreement shall not give rise to a charge to stamp duty reserve tax if the agreement is made in pursuance of Schedule 8 to this Act in connection with a restructuring scheme made as mentioned in paragraph (a), (b) or (c) of sub-paragraph (1) above.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "1986 c. 41."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1993/43/schedule/9/paragraph/3",
    "retrieved_at": "2026-10-29T09:34:47.841849+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}