39Stamp duty
(1)Stamp duty shall not be chargeable on—
(a)a transfer scheme, or
(b)an instrument or agreement which is certified to the Commissioners of Inland Revenue by a Minister of the Crown as made in pursuance of a transfer scheme.
(2)No instrument or agreement which is certified as mentioned in subsection (1)(b) shall be taken to be duly stamped unless—
(a)it is stamped with the duty to which it would, but for that subsection, be liable, or
(b)it has, in accordance with section 12 of the [1891 c. 39.] Stamp Act 1891, been stamped with a particular stamp denoting that it is not chargeable with any duty or that it is duly stamped.
(3)Section 12 of the [1895 c. 16.] Finance Act 1895 shall not operate to require—
(a)the delivery to the Inland Revenue of a copy of this Act, or
(b)the payment of stamp duty under that section on any copy of this Act,
and shall not apply in relation to any instrument on which, by virtue of subsection (1), stamp duty is not chargeable.
(4)In subsection (1), “transfer scheme” means—
(a)an order under section 25 which includes provision for the transfer of property, rights or liabilities, and
(b)a scheme under any of sections 34 to 37 and paragraph 1 of Schedule 3 for the transfer of property, rights or liabilities.