SCHEDULE 15Stamp duty: bearer instruments

Part IIExemptions

Instruments in respect of which duty previously abolished

15Stamp duty is not chargeable under this Schedule on any description of instrument in respect of which duty was abolished by—

(a)section 64 of the [1971 c. 68.] Finance Act 1971 or section 5 of the [1971 c. 27(N.I).] Finance Act (Northern Ireland) 1971 (abolition of duty on mortgages, bonds, debentures etc.), or

(b)section 173 of the [1989 c. 26.] Finance Act 1989 (life insurance policies and superannuation annuities).