§ [No. 31]
§ After Clause 50, insert the following new clause:
§ Exemption from stamp duty
§ ".—(1) Stamp duty shall not be payable on any conveyance, agreement or assignation made, or instrument executed solely for the purpose of giving effect to any transfer of property, rights or liabilities by, or by an order made under, sections 13, 25 to 27, or 37 to 39 of this Act.
§ (2) Section 12 of the Finance Act 1895 (which requires Acts to be stamped as conveyances on sale in certain cases) shall not apply to the transfer of property, rights or liabilities by, or by an order made under, sections 13 or 25 to 27 of this Act and stamp duty shall not be payable on any such order."
§ LORD POLWARTHMy Lords, I beg to move that this House doth agree, with the Commons in their Amendment No. 31. This provision formally exempts from 442 stamp duty transfers of property rights and liabilities which take place in connection with the reorganisation of the National Health Service. I beg to move.
§ Moved, That this House doth agree with the Commons in the said Amendment.—(Lord Polwarth.)