SCHEDULES
C1SCHEDULE 15 Stamp duty: bearer instruments
Annotations:
Modifications etc. (not altering text)
Part II Exemptions
Foreign loan securities
13
Stamp duty is not chargeable on a bearer instrument issued outside the United Kingdom in respect of a loan which is expressed in a currency other than sterling and which is not—
a
offered for subscription in the United Kingdom, or
b
offered for subscription with a view to an offer for sale in the United Kingdom of securities in respect of the loan.
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)