Instruments in respect of which duty previously abolishedU.K.
15U.K.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).