Education Act 1996

Stamp duty E+W

567 Stamp duty. E+W

(1) Subject to subsection (5), stamp duty shall not be chargeable in respect of any transfer effected under—

(a) section 201 (taken with section 198 of, and Schedule 10 to, the M1 Education Reform Act 1988), or

(b) section 279(3) or (4).

(2) Subject to subsection (5), stamp duty shall not be chargeable in respect of any transfer to a funding authority under section 277.

(3) Subject to subsection (5), stamp duty shall not be chargeable in respect of any transfer to a local education authority—

(a) under or by virtue of section 277(1)(a) or 298(2) of property which immediately after the transfer is held by the authority for the purposes of a county or voluntary school or a maintained special school not established in a hospital, or

(b) by virtue of section 277(2) of property which immediately after the transfer is held by the authority for the purposes of a new county school.

(4) Subject to subsection (5), stamp duty shall not be chargeable in respect of any transfer to the governing body of a grant-maintained school—

(a) by virtue of section 277(2), or

(b) in the case of a school established under section 211(2) or 212, from the funding authority.

(5) No instrument (other than a statutory instrument) made or executed under or in pursuance of any of the provisions mentioned in subsections (1) to (4) above shall be treated as duly stamped unless it is stamped with the duty to which it would, but for this section (and, if applicable, section 129 of the M2 Finance Act 1982), be liable or it has, in accordance with the provisions of section 12 of the M3 Stamp Act 1891, been stamped with a particular stamp denoting that it is not chargeable with any duty or that it has been duly stamped.

Marginal Citations

M1 1988 c. 40.

M2 1982 c. 39.

M3 1891 c. 39.