Regulation 2

(1)

An instrument which—

(a)

is executed on or after 1st May 1987,

(b)

is of a kind specified in the Schedule hereto for the purposes of this regulation, and

(c)

is certified by a certificate which fulfils the conditions of regulation 3 to be an instrument of that kind,

shall be exempt from duty under the provisions specified in paragraph (2) of this regulation.

(2)

The provisions specified are—

(a)

the headings in Schedule 1 to the Stamp Act 1891^f1—

“Conveyance or transfer of any kind not hereinbefore described”; or
“Disposition in Scotland of any property or of any right or interest therein not described in this Schedule”;

(b)

sections 83(2) and 84(8) of the Finance Act 1985.

Annotations