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SCHEDULES

SCHEDULE 24Abolition of stamp duty and SDRT: securities on recognised growth markets

PART 2Stamp duty

Clearance services: charge

10In section 70 of that Act (clearance services), after subsection (8) insert—

(8A)Where an instrument transfers shares or stock or marketable securities admitted to trading on a recognised growth market but not listed on any market, subsections (2) to (5) do not apply and stamp duty is not chargeable on the instrument.

(8B)In subsection (8A) “listed” and “recognised growth market” are to be construed in accordance with section 99A below.