Part IV Miscellaneous and General

Supplementary

230 Stamp duty.

1

Subject to subsection (4) below, stamp duty shall not be chargeable in respect of any transfer effected under or by virtue of any of the following provisions of this Act, namely—

  • F1. . .

  • F2. . .

  • F2. . .

  • F2. . .

  • section 126 (taken with Schedule 10);

  • section 128(1)(b);

  • section 130 (taken with Schedule 10);

  • F3. . .

  • section 168(1) and (2);

  • section 180(1);

  • F8...

  • section 192;

  • F9... and

  • section 228 (taken with Schedule 10).

F42

Subject to subsection (4) below, stamp duty shall not be chargeable in respect of any transfer to a F10local authority under or by virtue of section 95(6) or (7) or 101(2) of this Act of property which immediately after the transfer is held by the authority for the purposes of an institution (or institutions) falling within subsection (3) below.

F43

An institution falls within this subsection if it is—

a

a university;

F5(b) an institution within the higher education sector

c

an institution which provides higher education or further education (or both) and is either—

i

maintained by a F10local authority ; or

F6ii

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F7ca

an institution within the further education sector

d

a school maintained by a F10local authority ; or

e

a grant-maintained school.

4

No instrument (other than a statutory instrument) made or executed—

a

under or in pursuance of any of the provisions mentioned in subsection (1) above; or

F4b

for the purpose of giving effect to any such transfer as is mentioned in subsection (2) 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 M1Finance Act 1982), be liable or it has, in accordance with the provisions of section 12 of the M2Stamp Act 1891, been stamped with a particular stamp denoting that it is not chargeable with any duty or that it has been duly stamped.