Version Superseded: 22/02/2024
Point in time view as at 06/04/2010.
Finance Act 1999, Cross Heading: Charge on transfer of stock by means of instrument is up to date with all changes known to be in force on or before 06 March 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.
2U.K.Stamp duty is chargeable on the transfer in the United Kingdom of the stock constituted by or transferable by means of a bearer instrument if duty was not chargeable under paragraph 1 on the issue of the instrument and—
(a)duty would be chargeable under Part I of Schedule 13 (conveyance or transfer on sale) if the transfer were effected by an instrument other than a bearer instrument, or
(b)the stock constituted by or transferable by means of a bearer instrument consists of units under a unit trust scheme.
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