SCHEDULES

SCHEDULE 19 Stamp duty and stamp duty reserve tax: unit trusts

Part IV General definitions

Schemes not treated as unit trust schemes

15

References in the enactments relating to stamp duty and the enactments relating to stamp duty reserve tax to a unit trust scheme do not include—

a

a common investment scheme under section 22 of the M1Charities Act 1960, section 25 of the M2Charities Act (Northern Ireland) 1964 F2, section 24 of the Charities Act 1993 or section 96 of the Charities Act 2011,

b

a common deposit scheme under section 22A of the Charities Act 1960 F3, section 25 of the Charities Act 1993 or section 100 of the Charities Act 2011, or

c

a unit trust scheme the units in which are under the terms of the trust instrument required to be held only by F1charitable companies or trustees of charitable trusts.