F1 SCHEDULES
SCHEDULE 11 TAXATION PROVISIONS
Stamp Duty
11
1
No transfer effected by this Act shall give rise to any liability to stamp duty.
2
Stamp duty shall not be chargeable on a transfer scheme or, subject to sub-paragraph (3) below, on any instrument which is certified to the Board by the Secretary of State as having been made in pursuance of such a scheme.
3
No instrument which is certified as mentioned in sub-paragraph (2) above shall be taken as duly stamped unless—
a
it is stamped with the duty to which it would but for that sub-paragraph be liable; or
b
it has, in accordance with section 12 of the M1Stamp Act 1891, been stamped with a particular stamp denoting that it is not chargeable with that duty or that it is duly stamped.
4
Stamp duty shall not be chargeable on any instrument which is made in pursuance of Schedule 10 to this Act.
5
Stamp duty shall not be chargeable on any instrument by which the Secretary of State, or any nominee of the Treasury or the Secretary of State, transfers securities of a company to another company if—
a
either or both of the companies are successor companies; and
b
each of the companies is, at the time when the instrument is made,
wholly owned by the Crown.