Stamp duty
This section has no associated Explanatory Notes
12(1)Stamp duty shall not be chargeable on a transfer scheme.
(2)Stamp duty shall not be chargeable on a document certified by HMRC as connected with a transfer scheme.
(3)A document which is not chargeable by virtue of this paragraph must be stamped in accordance with section 12 of the Stamp Act 1891 (c. 39) with a stamp denoting that it is not chargeable.