# The Stamp Duty (Exempt Instruments) Regulations 1985, Regulation 3


For the purposes of section 89 of the Finance Act 1985, the following class of instrument is prescribed:—
Instruments by means of which any transfer on sale within the meaning of paragraphs (a) or (c) of section 28(1) of the Finance Act 1931 is effected and in respect of which the following conditions are fulfilled:—
(a) the instrument is executed on or after the 1st January 1986;
(b) the consideration for the sale in question is of an amount or value such that no stamp duty is chargeable and the instrument is certified in accordance with section 34(4) of the Finance Act 1958; and
(c) (i) the land in question is registered land; or
(ii) in the case of land which is not registered land it is an instrument—
(a) to which section 123 of the Land Registration Act 1925 applies, or
(b) which effects a transfer in the case of which under rule 72 of the Land Registration Rules 1925 the transferee is deemed to be the applicant for first registration.

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Source: https://www.legislation.gov.uk/uksi/1985/1688/regulation/3 (the official version)
Page: https://openlegislation.uk/stamp-duty-exempt-instruments-regulations-1985/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.