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SCHEDULE 19
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STAMP DUTY AND STAMP DUTY RESERVE TAX: UNIT TRUSTS |
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PART I |
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ABOLITION OF STAMP DUTY ON TRANSFERS ETC. OF UNITS IN UNIT TRUSTS |
| | 1. - (1) No stamp duty is chargeable on a transfer or other instrument relating to a unit under a unit trust scheme.
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(2) Sub-paragraph (1) does not affect any charge to stamp duty-
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(a) on a conveyance or transfer on sale of property other than units under a unit trust scheme in relation to which such units form the whole or part of the consideration, or |
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(b) under Schedule 15 to this Act (bearer instruments). |
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(3) This paragraph has effect in relation to instruments executed on or after 6th February 2000.
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