Part 4Stamp duty and stamp duty reserve tax

Stamp duty

116 Abolition of duty on instruments relating to goodwill

1

No stamp duty is chargeable on an instrument for the sale, transfer or other disposition of goodwill.

2

Schedule 37 to this Act contains provisions supplementing this section.

3

This section and that Schedule shall be construed as one with the Stamp Act 1891 (c. 39).

4

This section applies to instruments executed on or after 23rd April 2002.

5

This section shall be deemed to have come into force on that date.