2 1 An instrument which—
(a) is executed on or after 1st May 1987,
(b) is of a kind specified in the Schedule hereto for the purposes of this regulation, and
(c) is certified by a certificate which fulfils the conditions of regulation 3 to be an instrument of that kind,
shall be exempt from duty under the provisions specified in paragraph (2) of this regulation.
2 The provisions specified are—
(a) the headings in Schedule 1 to the Stamp Act 1891—
“Conveyance or transfer of any kind not hereinbefore described”; or
“Disposition in Scotland of any property or of any right or interest therein not described in this Schedule”;
1891c.39.
(b) sections 83(2) and 84(8) of the Finance Act 1985.