SCHEDULES
SCHEDULE 4 Taxation Provisions
Part II Stamp Duty and Stamp Duty Reserve Tax
Stamp duty reserve tax
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1
No agreement for the purposes of, or for purposes connected with giving effect to—
a
so much of any restructuring scheme as relates to an exempt transaction, or
b
any exempt transaction to which effect is given by the modification of any restructuring scheme,
shall give rise to a charge to stamp duty reserve tax.
2
No agreement by which the Treasury or the Secretary of State, or any nominee of the Treasury or the Secretary of State, agrees to transfer securities of a company to another company shall give rise to a charge to stamp duty reserve tax if—
a
at least one of those companies is a successor company; and
b
each of the companies is wholly owned by the Crown at the time when the instrument is made.