# Railways Act 1993, Paragraph 3


(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—
(a) by the Secretary of State;
(b) by the Board, pursuant to a direction given by the Secretary of State under this Act; or
(c) by the Franchising Director, pursuant to a direction so given.
(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.

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Source: https://www.legislation.gov.uk/ukpga/1993/43/schedule/9/paragraph/3 (the official version)
Page: https://openlegislation.uk/railways-act-1993/schedule-9/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.