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Law of Property Act 1925
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112Notice of trusts on transfer of mortgage.
(1)Where, on the transfer of a mortgage, the stamp duty, if payable according to the amount of the debt transferred, would exceed the sum of ten shillings, a purchaser shall not, by reason only of the transfer bearing a ten-shilling stamp, whether adjudicated or not, be deemed to have or to have had notice of any trust, or that the transfer was made for effectuating the discharge of a trustee or the appointment of a new trustee.
(2)This section applies to transfers made before as well as after the commencement of this Act.
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