Section 188 | Exemption from stamp duty

(1)Stamp duty shall not be chargeable on any document to which this subsection applies.

(2)Subsection (1) above applies to any document authorised by virtue—

(a)of Parts I to VI of the Contributions and Benefits Act; or

(b)of any provision of this Act so far as it operates in relation to matters to which those Parts relate,

or otherwise required in order to give effect to those Parts or to any such provision so far as it so operates or in connection with any description of business thereunder.

(3)Stamp duty shall not be chargeable—

(a)upon such documents used in connection with business under paragraphs 2 and 3 of Schedule 8 to the Contributions and Benefits Act and paragraph 1 of Schedule 9 to this Act as may be specified in a scheme made under paragraph 2 of Schedule 8 to the Contributions and Benefits Act; or

(b)upon such documents used in connection with business under paragraphs 4 to 6 of that Schedule and paragraph 2 of Schedule 9 to this Act as may be specified in a scheme made under paragraph 4 of Schedule 8 to the Contributions and Benefits Act.