(1)Where any land occupied wholly or partly for the purposes of any institution specified in column 1 of Schedule 6 to this Act is vested in the Secretary of State, he may, notwithstanding any prohibition or restriction to the contrary, transfer the land to the body specified in relation to that institution in column 2 of that Schedule.
(2)Stamp duty shall not be chargeable on any instrument certified to the Commissioners of Inland Revenue by the Secretary of State as having been made or executed for the purpose of giving effect to a transfer by him of land occupied wholly or partly for the purposes of any institution specified in column 1 of Schedule 6 to this Act to the body specified in relation to that institution in column 2 of that Schedule.
(3)An instrument such as is mentioned in subsection (2) above is not duly stamped unless—
(a)it has, in accordance with the provisions of section 12 of the M1Stamp Act 1891, been stamped with a particular stamp denoting that it is not chargeable with any duty or that it has been duly stamped; or
(b)it has been stamped with the duty to which it would, apart from subsection (2) above, be liable.
Commencement Information
I1S. 8 wholly in force at 1.9.1992 see s. 11(4) and S.I. 1992/1874, art. 2
Marginal Citations