SCHEDULES
C1SCHEDULE 15 Stamp duty: bearer instruments
Annotations:
Modifications etc. (not altering text)
Part I Charging provisions
Charge on transfer of stock by means of instrument
2
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.
Sch. 15 modified (27.7.1999 with effect as mentioned in s. 113(4) of 1999 c. 16) by 1988 c. 39, s. 143(4)(a) (as inserted (27.7.1999 with effect as mentioned in s. 113(4) of the amending Act) by 1999 c. 16, s. 113(3), Sch. 16 para. 11)