Version Superseded: 01/04/2002
Point in time view as at 01/04/1996. This version of this provision has been superseded.
There are currently no known outstanding effects for the Local Government etc. (Scotland) Act 1994, Section 96.
(1)Stamp duty shall not be chargeable on a transfer scheme or, subject to subsection (2) below, on any instrument which is certified to the Commissioners of Inland Revenue by the Secretary of State as having been made in pursuance of such a scheme.
(2)No instrument which is certified as mentioned in subsection (1) above shall be taken to be duly stamped unless—
(a)it is stamped with the duty to which it would but for that subsection be liable; or
(b)it has, in accordance with section 12 of the M1Stamp Act 1891, been stamped with a particular stamp denoting that it is not chargeable with that duty or that it is duly stamped.
(3)Stamp duty shall not be chargeable on any instrument which is made for the purposes of Schedule 11 to this Act.
(4)No agreement made for the purposes of, or for purposes connected with, a transfer scheme shall give rise to a charge to stamp duty reserve tax; and no agreement which is made in pursuance of the said Schedule 11 shall give rise to such a charge.
Marginal Citations
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