42 Relief from transfer stamp duty in case of transfer of property as between associated companies
Finance Act 1930 (1930 c 28) | Legislation

42  Relief from transfer stamp duty in case of transfer of property as between associated companies

(1)     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 to which this section applies:

Provided that no such instrument shall be deemed to be duly stamped unless either it is stamped with the duty to which it would but for this section be liable, or it has in accordance with the provisions of section twelve of the said Act been stamped with a particular stamp denoting either that it is not chargeable with any duty or that it is duly stamped.

[(2)     This section applies to any instrument as respects which it is shown to the satisfaction of the Commissioners [that—

(a)     the effect of the instrument is to convey

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