(1)Subject to subsection (2) below, stamp duty shall not be chargeable in respect of any transfer effected under or by virtue of any of the following sections of this Act: F1... [F227B, 27C], F3... [F433P], 34, 40(5) and (7), 63 and 80.
(2)No instrument (other than a statutory instrument) made or executed under or in pursuance of any of the provisions mentioned in subsection (1) shall be treated as duly stamped unless it is stamped with the duty to which it would, but for this section (and, if applicable, section 129 of the M1Finance Act 1982), be liable or it has, in accordance with the provisions of section 12 of the M2Stamp Act 1891, been stamped with a particular stamp denoting that it is not chargeable with any duty or that it has been duly stamped.
Textual Amendments
F1Words in s. 88(1) omitted (26.5.2015) by virtue of Deregulation Act 2015 (c. 20), s. 115(3)(h), Sch. 15 para. 4(5)(g)(i)
F2Words in s. 88 substituted (1.4.2012) by Education Act 2011 (c. 21), s. 82(3), Sch. 12 para. 38(a); S.I. 2012/924, art. 2
F3Word in s. 88(1) omitted (26.5.2015) by virtue of Deregulation Act 2015 (c. 20), s. 115(3)(h), Sch. 15 para. 4(5)(g)(ii)
F4Word in s. 88 substituted (1.4.2012) by Education Act 2011 (c. 21), s. 82(3), Sch. 12 para. 38(b); S.I. 2012/924, art. 2
Commencement Information
I1S. 88 wholly in force at 6.5.1992 see s. 94(3) and S.I. 1992/831, art. 2, Sch. 1
Marginal Citations