SCHEDULES

SCHEDULE 7Transfer schemes: tax

Stamp duty

12I1

1

Stamp duty shall not be chargeable on a transfer scheme.

2

Stamp duty shall not be chargeable on a document certified by HMRC as connected with a transfer scheme.

3

A document which is not chargeable by virtue of this paragraph must be stamped in accordance with section 12 of the Stamp Act 1891 (c. 39) with a stamp denoting that it is not chargeable.