129 Abolition of duty on instruments relating to intellectual property.U.K.
(1)No stamp duty is chargeable on an instrument for the sale, transfer or other disposition of intellectual property.
(2)In subsection (1) “intellectual property” means—
(a)any patent, trade mark, registered design, copyright or design right,
(b)any plant breeders’ rights and rights under section 7 of the M1Plant Varieties Act 1997,
(c)any licence or other right in respect of anything within paragraph (a) or (b), and
(d)any rights under the law of a country or territory outside the United Kingdom that correspond or are similar to those within paragraph (a), (b) or (c).
(3)Schedule 34 to this Act (which contains provisions supplementing this section) has effect.
(4)This section and Schedule 34 shall be construed as one with the M2Stamp Act 1891.
(5)This section applies to instruments executed on or after 28th March 2000.
(6)This section shall be deemed to have come into force on that date.