§ Motion made, and Question,
§ (1) Subject to paragraph (2) of this Resolution, where any conveyance, transfer or lease is made or agreed to be made to a body of persons established for charitable purposes only or to the trustees of a trust so established or to the Trustees of the National Heritage Memorial Fund, no stamp duty shall be chargeable by virtue of—
- (a) any of the following headings in Schedule 1 to the Stamp Act 1891, namely, "Conveyance or Transfer on Sale", "Conveyance or Transfer of any kind not hereinbefore described" and "Lease or Tack", or
- (b) section 74 of the Finance (1909–10) Act 1910 (gifts inter vivos),
§ on the instrument by which the conveyance, transfer or lease, or the agreement for it, is effected.
§ (2) An instrument in respect of which stamp duty is not chargeable by virtue only of paragraph (1) of this Resolution shall not be treated as duty stamped unless it is stamped in accordance with section 12 of the Stamp Act 1891 with a stamp denoting that it is not chargeable with any duty.
§ (3) The foregoing provisions shall apply to instruments executed on or after 22nd March 1982.
§ And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of section 50 of the Finance Act 1973.—[Sir Geoffrey Howe.]
§ put forthwith pursuant to Standing Order No. 94 (Ways and Means motions), and agreed to.