Part V Stamp Duty
F1128 Reduction of duty on conveyances and leases.
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C2129 Exemption from duty on grants, transfers to charities, etc.C1
1
Where any conveyance, transfer or lease is made or agreed to be made to a body of persons established for charitable purposes only or to the trustees of a trust so established or to the Trustees of the National Heritage Memorial Fund F2or to the National Endowment for Science, Technology and the Arts, no stamp duty shall be chargeable F3under Part I or IIF7... of Schedule 13 to the Finance Act 1999—
b
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on the instrument by which the conveyance, transfer or lease, or the agreement for it, is effected.
2
An instrument in respect of which stamp duty is not chargeable by virtue only of subsection (1) above shall not be treated as duly stamped unless it is stamped in accordance with section 12 of the M1 Stamp Act 1891 with a stamp denoting that it is not chargeable with any duty.
3
This section applies to instruments executed on or after 22nd March 1982 and shall be deemed to have come into force on that date.