Part 2Other taxes
Stamp duty and stamp duty reserve tax
20Capital-raising arrangements etc
Schedule 11 makes provision for and in connection with ensuring that it continues to be the case that—
(a)
no 1.5% charge to stamp duty or stamp duty reserve tax arises in relation to—
(i)
issues of securities or stock, or
(ii)
transfers of securities made in the course of capital-raising arrangements or qualifying listing arrangements, and
(b)
no charge to stamp duty arises in relation to the issue of bearer instruments.