Charge on issue of instrumentU.K.
1(1)Stamp duty is chargeable—U.K.
(a)on the issue of a bearer instrument in the United Kingdom, and
(b)on the issue of a bearer instrument outside the United Kingdom by or on behalf of a UK company.
(2)This is subject to the exemptions in Part II of this Schedule.
Modifications etc. (not altering text)
C1Sch. 15 para. 1 restricted (27.7.1999 with effect as mentioned in s. 113(4) of 1999 c. 16) by 1988 c. 39, s. 143(2) (as inserted (27.7.1999 with effect as mentioned in s. 113(4) of the amending Act) by 1999 c. 16, s. 113(3), Sch. 16, para. 11(2))