77 Acquisition of target company's share capital
Finance Act 1986 (1986 c 41) | Legislation

77  Acquisition of target company's share capital

(1)ÌýÌýÌýÌý Stamp duty under [Part I of Schedule 13 to the Finance Act 1999 (conveyance or transfer on sale)] shall not be chargeable on an instrument transferring shares in one company (the target company) to another company (the acquiring company) if the conditions mentioned in subsection (3) below are fulfilled.

(2)ÌýÌýÌýÌý An instrument on which stamp duty is not chargeable by virtue only of subsection (1) above shall not be taken to be duly stamped unless it is stamped with the duty to which it would be liable but for that subsection or it has, in accordance with section 12 of the Stamp Act 1891, been stamped with a particular stamp denoting that

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