Part IIIStamp Duty and Stamp Duty Reserve Tax
Repeals
F1107 Stamp duty to be abolished on bearer instruments.
1
Stamp duty shall not be chargeable under Schedule 15 to the Finance Act 1999 (bearer instruments).
2
Subsection (1) above applies in relation to the charge under paragraph 1 of that Schedule (charge on issue) where the instrument is issued on or after the abolition day.
3
Subsection (1) above applies in relation to the charge under paragraph 2 of that Schedule (charge on transfer of stock) where the stock constituted by or transferable by means of the instrument is transferred on or after the abolition day.