116 Non-sterling bearer instruments issued in connection with merger or takeover
Finance Act 1999 (1999 c 16) | Legislation

Stamp duty reserve tax

116  Non-sterling bearer instruments issued in connection with merger or takeover

(1) In section 95 of the Finance Act 1986 (exceptions from charge on entry into depositary receipt system), for subsection (2) (bearer instruments) substitute—

“(2) There shall be no charge to tax under section 93 above in respect of a transfer, issue or appropriation of an inland bearer instrument, within the meaning of the heading “Bearer Instrument” in Schedule 1 to the Stamp Act 1891, except in the case of—

(a)

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