Part III General
Financial provisions
43 Payment of fees into Consolidated Fund.
Any sums received by the Chief Inspector under—
a
section 7(4)(b), or
b
paragraph 4(2) or 5(2) of Schedule 3,
shall be paid into the Consolidated Fund.
44 Stamp duty.
1
Subject to subsection (2) below, stamp duty shall not be chargeable in respect of—
a
any transfer effected under section 39;
b
any transfer—
i
to a funding authority, or
ii
to the governing body of a grant-maintained school,
by virtue of section 38(3); or
c
any transfer to a local education authority by virtue of section 38(3) of property which immediately after the transfer is held by the authority for the purposes of—
i
a county or voluntary school or maintained special school not established in a hospital, or
ii
a new county school.
2
No instrument (other than a statutory instrument) made or executed under or in pursuance of any of the provisions mentioned in subsection (1) shall be treated as duly stamped unless—
a
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
b
it has, in accordance with the provisions of section 12 of the M2Stamp Duty Act 1891, been stamped with a particular stamp denoting that it is not chargeable with any duty or that it has been duly stamped.