SCHEDULES
SCHEDULE 19 Stamp duty and stamp duty reserve tax: unit trusts
Part I Abolition of stamp duty on transfers etc. of units in unit trusts
1
1
No stamp duty is chargeable on a transfer or other instrument relating to a unit under a unit trust scheme.
2
Sub-paragraph (1) does not affect any charge to stamp duty—
a
on a conveyance or transfer on sale of property other than units under a unit trust scheme in relation to which such units form the whole or part of the consideration, or
b
under Schedule 15 to this Act (bearer instruments).
3
This paragraph has effect in relation to instruments executed on or after 6th February 2000.