Stamp dutyU.K.
32(1)Stamp duty is not to be chargeable—U.K.
(a)on a transfer scheme in the case of which the transferor and each transferee is a public body, or
(b)on an instrument certified by the Secretary of State to the Commissioners for Her Majesty's Revenue and Customs as made for the purposes of such a transfer scheme, or as made for purposes connected with such a transfer scheme.
(2)But where, by virtue of sub-paragraph (1), stamp duty is not chargeable on a scheme or instrument, the scheme or instrument is to be treated as duly stamped only if—
(a)in accordance with section 12 of the Stamp Act 1891 (c. 39) it has been stamped with a stamp denoting either that it is not chargeable to duty or that it has been duly stamped, or
(b)it is stamped with the duty to which it would be chargeable apart from sub-paragraph (1).
(3)In this paragraph “instrument” has the same meaning as in the Stamp Act 1891.