SCHEDULES

SCHEDULE 15 Stamp duty: bearer instruments

Part II Exemptions

Instruments in respect of which duty previously abolished

15

Stamp duty is not chargeable under this Schedule on any description of instrument in respect of which duty was abolished by—

(a)

section 64 of the M1Finance Act 1971 or section 5 of the M2Finance Act (Northern Ireland) 1971 (abolition of duty on mortgages, bonds, debentures etc.), or

(b)

section 173 of the M3Finance Act 1989 (life insurance policies and superannuation annuities).