This section has no associated Explanatory Notes
8(1)Stamp duty is not chargeable in respect of a transfer or grant effected under or in accordance with a property transfer scheme.E+W
(2)No instrument made or executed for the purposes of such a transfer or grant is to be treated as duly stamped unless—
(a)it has, in accordance with section 12 of the Stamp Act 1891, been stamped with a particular stamp denoting that it is not chargeable with that duty or that it is duly stamped, or
(b)it is stamped with the duty to which it would be liable, apart from this paragraph.