Building Societies Act 1986

109 Exemption from stamp duty.U.K.

[F1(1)]The following instruments shall be exempted from all such stamp duties (if any) as apart from this section would be chargeable on them, that is to say—

(a)any copy of the rules of a building society;

(b)any transfer of a share in a building society;

(c)any bond or other security to be given to, or on account of, a building society or by an officer of a building society;

(d)any instrument appointing an agent of a building society or revoking such an appointment; and

(e)any other instrument whatsoever which is required or authorised to be given, issued, signed, made or produced in pursuance of this Act or of the rules of a building society.

[F2(2)No transfer effected by subsection (6) or (7) of section 97 shall give rise to any liability to stamp duty]

Textual Amendments

F1S. 109 renumbered as s. 109(1) by Finance Act 1988 (c. 39, SIF 63:1), s. 145, Sch. 12 para. 8

Modifications etc. (not altering text)