SCHEDULES
SCHEDULE 11TAXATION PROVISIONS
Stamp duty reserve tax
12
1
No agreement made for the purposes of or for purposes connected with a transfer scheme shall give rise to a charge to stamp duty reserve tax.
2
No agreement which is made in pursuance of Schedule 10 to this Act shall give rise to a charge to stamp duty reserve tax.
3
No agreement by which the Treasury or the Secretary of State, or any nominee of the Treasury or the Secretary of State, agrees to transfer securities of a company to another company shall give rise to a charge to stamp duty reserve
a
either or both of the companies are successor companies; and
b
each of the companies is, at the time when the agreement is made,
wholly owned by the Crown.