{
  "url": "https://openlegislation.uk/stamp-duty-exempt-instruments-regulations-1987/note",
  "json_url": "https://openlegislation.uk/stamp-duty-exempt-instruments-regulations-1987/note.json",
  "legislation": "uksi/1987/516",
  "legislation_title": "The Stamp Duty (Exempt Instruments) Regulations 1987",
  "legislation_url": "https://openlegislation.uk/stamp-duty-exempt-instruments-regulations-1987",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nSection 87(2) of the Finance Act 1985 provides that instruments which would otherwise be chargeable with stamp duty of a fixed amount under any provision specified in regulations shall not be so charged if they are of a kind specified in regulations and certified to be instruments of that kind.\nThese Regulations specify the provisions under which, subject to conditions, that duty shall not be charged; specify the instruments (executed on or after 1st May 1987) in relation to which the exemption is available; and provide for the certification requirements.\nRegulation 1 provides the title and commencement date.\nRegulation 2 provides the conditions for the exemption.\nRegulation 3 provides for the requirements for the certificate and the conditions which have to be fulfilled.\nRegulation 4 introduces the Schedule which specifies the instruments which may qualify for the exemption provided by regulation 2.\nRegulation 5 dispenses with the requirement of adjudication in accordance with section 12 of the Stamp Act 1891 as required by sections 82(5) and 84(9) of the Finance Act 1985.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/516/note",
    "retrieved_at": "2026-10-29T16:29:10.911782+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."
}