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Environment Act 1995

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Changes over time for: Section 119

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Environment Act 1995, Section 119 is up to date with all changes known to be in force on or before 23 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

119 Stamp duty.E+W+S

(1)No transfer effected by Part I of this Act shall give rise to any liability to stamp duty.

(2)Stamp duty shall not be chargeable—

(a)on any transfer scheme; or

(b)on any instrument or agreement which is certified to the Commissioners of Inland Revenue by the Secretary of State as made in pursuance of a transfer scheme.

(3)No transfer scheme, and no instrument which is certified as mentioned in subsection (2)(b) above, shall be taken to be duly stamped unless—

(a)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; or

(b)it is stamped with the duty to which it would be liable, apart from this section.

(4)In this section “transfer scheme” means a scheme made or approved by the Secretary of State under section 3 or 22 above for the transfer of property, rights or liabilities to the Agency or to SEPA.

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