Related Commentary  Related HMRC Manuals

67(1)  Where a transfer in blank relating to registered stock of any description has been delivered, pursuant to a sale of that stock, to or to the order of the purchaser or any person acting on his behalf, any person who in Great Britain parts with possession of that transfer, or who removes it or causes or permits it to be removed from Great Britain, before it has been duly completed shall be liable to a penalty not exceeding the aggregate of £300 and an amount equal to twice the stamp duty chargeable in respect of that transfer.

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