SCHEDULES:

SCHEDULE 12Building Societies: Change of Status

Stamp duty

8

Section 109 of the [1986 c. 53.] Building Societies Act 1986 (exemption from stamp duty) shall be renumbered as subsection (1) of that section and after that provision as so renumbered there shall be inserted—

2

No transfer effected by subsection (6) or (7) of section 97 shall give rise to any liability to stamp duty.